Ex-Im finances solar power for Caribbean PV project

The Export-Import Bank of the United States has provided a $6.4m loan guarantee to finance the export of SolarWorld Americas solar modules to Barbados.

The 1.4MW project is being built by Williams Industries-Williams evergreen of St. Thomas, Barbados. It is one of the largest solar projects in the Caribbean.

Williams Industries-Williams evergreen will benefit from a feed-in-tariff and intends on expanding the solar project.

SolarWorld Americas, a subsidiary of SolarWorld AG, employs about 1,000 US workers at its manufacturing facility in Hillsboro, Oregon, and its sales and marketing hub in Camarillo, California. Engineering group CH2M HILL of Colorado provided engineering services, and Schletter of Tucson, Arizona, exported the solar-system racking.

Williams Industries-Williams evergreen will use the system…

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