Renewables to Get Most of $1 Billion ExIm Bank Credit
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Renewable energy developers will receive “the vast majority” of a $1 billion credit line the Export-Import Bank of the U.S. extended to India, the institution’s president said.
Regulatory policies in India, including terms for selling power, are conducive to financing solar- and wind-power projects, and make it easier for the bank to ensure it will be repaid, said Fred Hochberg, who is also chairman of the Washington-based lender.