| Date: |
23-11-2011 |
| Subject: |
U.S. Will Loan $18.9 Million for SolarWorld Exports to India |
|
The U.S. Export-Import Bank approved an $18.9 million loan for an Indian solar power project that will import photovoltaic panels from SolarWorld AG’s California unit.
The funding will allow Tatith Energies to buy the crystalline-based devices from the manufacturer and construction services from North Chelmsford, Massachusetts-based American Capital Energy for its 5-megawatt plant in the western state of Gujarat, according to an e-mailed statement from the Washington- based lender.
The Export-Import Bank helps exporters get credit for foreign sales by providing direct loans or guarantees. As of Nov. 5, it had approved $176.4 million in funds for six Indian solar projects.
Source : bloomberg.com
|