(Reuters, London, 8 March 2012) – Clean energy projects in Europe are increasingly turning to export credits to plug a financing gap, a valuable sticking plaster as some banks desert the sector due to the global economic crisis… Government export credit agencies (ECAs) boost deals either through direct project lending or loan insurance, and supplied new business worth over $800 billion last year, according to the Berne Union trade association… They traditionally back big-ticket exports to emerging economies which banks view as too risky, sometimes earning a bad press for supporting deals including aircraft and weapon sales to countries with uncertain human rights.
