Ex-Im Approves $32.1 Million In Financing For Export Of U.S. Wind Blades To Brazil

Posted by NAW Staff on August 03, 2012 No Comments
Categories : Projects & Contracts

In line with its congressional mandate to increase support for renewable energy exports, the Export-Import Bank of the U.S. (Ex-Im Bank) has authorized a $32.1 million loan guarantee to Brazil-based Wind Power Energia S.A. for the purchase of wind turbine blades manufactured by Little Rock, Ark.-based LM Wind Power Blades Inc.

According to the Ex-Im Bank, the wind blades will be used to complete a 180 MW wind farm in the Brazilian state of Bahia and another 211 MW wind project in the Brazilian state of Ceara.

Ex-Im Bank's financing, which guarantees a Bank of America loan, will support approximately 250 permanent U.S. jobs at the company's Little Rock, Ark., and Grand Forks, N.D., manufacturing facilities.

To date, the Ex-Im Bank notes it has authorized approximately $415 million for renewable energy exports of all types worldwide.

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