Taxpayers Beat Wall Street as Top Lenders to Clean Energy
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Government-backed development banks in Europe, Brazil and the U.S. arranged the most funding for clean energy projects in 2010, taking up the slack left by commercial lenders during the credit crisis.
The European Investment Bank furnished $5.41 billion of debt for renewable energy projects last year followed by $3.16 billion from Brazil’s state development bank, BNDES, and $2.12 billion from the U.S. Federal Financing Bank, according to an annual survey by Bloomberg New Energy Finance.