UKEFsigns cooperation agreement with U.S. Department of Energy Loan Programs Office

(UK Government, London, 19 March 2024) UK Export Finance (UKEF), the UK’s export credit agency, has signed a memorandum of understanding (MoU) with the U.S. Department of Energy Loan Programs Office (LPO). The agreement signals UKEF and the LPO’s interest in considering potential new joint financing opportunities for energy and green infrastructure projects.  This is the first-ever MoU between a European export credit agency and LPO, which has closed over $30 billion in financing deals for energy and advanced technology vehicle projects in the last decade. Collaboration and co-financing with UKEF are expected to create new opportunities for British businesses of all sizes – including smaller firms – looking to support US energy and decarbonisation projects.