US To Offer 2Bln In Renewable Energy Loans To SA
From Washington Post
The U.S. will offer South Africa up to $2 billion in loans to fund renewable energy ventures involving American companies, a top official said Monday, a potential boon for both the electricity-hungry nation and U.S. business interests.
The 18-year loans will be funded out of the U.S. Export-Import Bank, the government’s vehicle for promoting U.S. export sales by providing low-interest loans for services and goods produced by American industries. The funding could be applied to a variety of projects, including wind, solar and thermal power, said Fred Hochberg, the bank president and chairman.