Ex-Im Bank provides millions for green-technology exports, generates new jobs

Washington, May 30, 2012 —U.S. green-technology suppliers are benefiting from a $48.6 million loan from the Export-Import Bank of the United States (Ex-Im Bank) supporting exports of equipment and services for the development of the Novo Gramacho biogas project in Brazil.
 
FirmGreen Inc., a small renewable-energy company based in Newport Beach, Calif. estimated that the Novo Gramacho project directly generated 165 new jobs at its facilities and at other companies in seven states: Indiana, Wisconsin, Ohio, California, Michigan, Missouri and Texas.
 
Ex-Im’s 12-year loan is vital because long-term financing for renewable-energy projects is limited in Brazil.
 
The loan borrower, Gas Verde S.A., is the project owner and will operate the Novo Gramacho biogas plant located at the 140-hectare Jardim Gramacho landfill near Rio de Janeiro. The biogas plant will convert the site’s methane gas into clean, usable biomethane gas.
Previous articleAmbit Energy tops 850,000 customers
Next articleEmpire State building saves in first year of energy efficiency plan

No posts to display