Masdar and Ex-ImBank Sign MoU to Deploy U.S. Clean Technology

(Alawaba, Amman, 15 May 2013) Masdar, Abu Dhabi’s renewable-energy company, and the US Ex-Im Bank, have signed a Memorandum of Understanding in which they will explore opportunities to structure and deploy up to $2bn worth of Ex-Im Bank’s finance supporting U.S. exports to Masdar’s future projects. Under the MoU, the two entities will identify investment opportunities which may facilitate the procurement and deployment of U.S. technologies, products and services in Masdar’s  renewable-energy projects. Priority areas under the MoU include carbon capture, use and storage, utility-scale solar desalination, sustainable-city development and waste-to-energy projects.