The bank, a federal agency responsible for financing global trade of US goods and services, and which has put a greater emphasis on renewable energy under the Obama administration, will loan $9.2m to project developer Punj Lloyd Solar Power.
The Ex-Im bank has announced four deals worth about $75m supporting exports of US solar equipment to India this year and touts its status as the first international financing institution to back projects under India’s 20GW National Solar Mission.
“India
