Daily News: October 1, 2012

Ex-Im Bank Guarantees PNC Loan to Finance Solar Project

The Ex-Im Bank announced it has provided a $6.4 million loan guarantee to finance the export of solar modules from West Coast-based SolarWorld Americas to Williams Industries-Williams evergreen Ltd. of St. Thomas, Barbados. This project, one of the largest in the Caribbean, includes engineering services and solar-system racking exported from two American companies.

The bank said it partnered with PNC Bank to provide the $6.4 million, ten-year loan guarantee. Barbados accounted for approximately $3.8 million of the bank