Ex-Im Bank Plans $2B Financing For S. African Renewables

Law360, New York (August 6, 2012, 6:23 PM EDT) -- The Export-Import Bank of the United States on Tuesday will offer up to $2 billion in loans to South Africa's fast-developing energy sector, earmarked for renewable energy projects that involve U.S. companies, a bank spokesperson confirmed Monday.

Renewables-based projects in South Africa — Africa's largest economy — are the target of the loan pool, which is meant to give U.S. export sales a boost by rewarding the companies behind development abroad with low-interest loans to back their work.

The loans would allow U.S. companies to cash...
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