Sunday, August 19, 2012

Ex - in the Bank to help finance the clean tech exports to South Africa

Sunday, August 19, 2012
The export-import Bank of the United States (ex - in the Bank) and the Industrial Development Corp. of South Africa Ltd. (IDC) on 7 August signed a memorandum of understanding to help promote South African development, including renewable energy. Under the terms of the agreement will be ex-in the Bank financing up to $2 billion value of United States technologies, products and services South Africa's energy sector, with a focus on clean energy development help.

The Industrial Development Corp. is a South African national development financial institution meant economic growth and to promote industrial development. The IDC primary goals is to create balanced and sustainable economic growth in South Africa and contribute to the rest of the continent. See ex-in the Bank press release.

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