First renewables loan for US Ex-Im

Url: 
http://www.exim.gov/pressrelease.cfm/62F75A82-FB27-B7B7-900E0A62581AB648/
(Ex-Im Bank, Washington, 11 July 2006) PowerLight Corporation of California will export equipment and services for a 1-megawatt solar power project in Gwangju, Korea, with a 15-year, $7.8 million loan guarantee from the Export-Import Bank of the United States. PowerLight is the first U.S. exporter to benefit from the new 15-year repayment terms available under OECD guidelines to support renewable energy, water and hydroelectric power projects. The guaranteed lender is City National Bank of Los Angeles.