Finances

EEFC renewable energy projects will have cash flow generated by a verified demand for a commodity that can be leveraged into 100% financing for properly structured projects. Using demand-based project financing EEFC (seller) and Off-Taker (buyer) set project conditions, guided by the verified commodity demand as listed above plus this alliance between Developer and Off-Taker creates market advantages.

 

Private Funding with Demand Based Project Financing:   The cash flow generated by a verified demand for a commodity can be leveraged into 100% financing for properly structured projects. Using demand based project-financing EEFC (seller) and Off-Taker (buyer) set project conditions, guided by the verified commodity demand as listed above plus this alliance between Developer and Off-Taker creates market advantages.

Renewable Energy Financing

According to Clean Edge, Inc., a leading market analyst, the global clean tech sector is expected to grow approximately 130% over the next decade, from a $144 billion industry to $343 billion. Additionally, a study by the Pew Charitable Trust found that jobs in this sector are growing at a rate faster than other sectors, increasing 9.1% compared with 3.7% between 1998 and 2007.

Ex-Im Bank is dedicated to helping U.S. exporters grab a share of that market. In fact, Ex-Im Bank has a Congressional mandate to support renewable energy and has been directed that 10% of its authorizations should be dedicated to renewable energy and environmentally beneficial transactions. Consequently, Ex-Im Bank has had a focus on the environment since 1994 with its Environmental Exports Program (EEP), and has steadily grown its portfolio of transactions. In 2007, the Office of Renewable Energy & Environmental Exports was created. Further in 2010, the Division was expanded to include dedicated credit officers to process renewable energy and environmental transaction. As of June 30, 2010, Environmentally Beneficial authorizations reached approximately $323 million.

The EEP as well as Ex-Im Bank’s Carbon Policy offer a number of incentives that encourage the use of Ex-Im Bank products, including tenors up to 18 years, 30% local costs support, capitalized interest during construction, interest rate lock on direct loans and the ability to pay the exposure fee as a margin over an interest rate. Additionally, a streamlined approach to small solar (Solar Express) deals has resulted in a number of applications.

As a key agency involved in the President’s National Export Initiative (NEI), which aims at doubling exports over the next five years, Ex-Im Bank and the Office of Renewable Energy & Environmental Exports is committed to meeting the needs of U.S. exporters in this important sector.
 

Mission

Finances-Ex Im Bank

The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States. Ex-Im Bank’s mission is to assist in financing the export of U.S. goods and services to international markets. Ex-Im Bank enables U.S. companies — large and small — to turn export opportunities into real sales that helps to maintain and create U.S. jobs and contribute to a stronger national economy.

Ex-Im Bank does not compete with private sector lenders but provides export financing products that fill gaps in trade financing. We assume credit and country risks that the private sector is unable or unwilling to accept. We also help to level the playing field for U.S. exporters by matching the financing that other governments provide to their exporters.
Ex-Im Bank provides working capital guarantees (pre-export financing); export credit insurance; and loan guarantees and direct loans (buyer financing). No transaction is too large or too small. On average, 85% of our transactions directly benefit U.S. small businesses.

With more than 70 years of experience, Ex-Im Bank has supported more than $400 billion of U.S. exports, primarily to developing markets worldwide.