(BN) U.S. Pushes Clean Energy Exports as OPIC Pledges $300 Million


U.S. Pushes Clean Energy Exports as OPIC Pledges $300 Million
2010-12-07 22:36:47.768 GMT

By Ehren Goossens
Dec. 7 (Bloomberg) -- The Department of Energy and seven
other agencies began an initiative to promote exports of
renewable power and energy-efficient products and services,
starting with a pledge for more than $300-million in financing
from the Overseas Private Investment Corp.
The DOE and OPIC were joined by the departments of
Commerce, State and Agriculture, as well as the Export-Import
Bank of the U.S., the U.S. Trade and Development Agency and the
Office of the United States Trade Representative, in the
initiative, the DOE said in a statement today.
The initiative will promote exports over five years. The
OPIC financing could attract more than $1 billion in private
equity investment, the Washington-based agency said in a
separate statement today.
OPIC will provide financing for up to a third of the cost
of certain projects, William Pearce, an OPIC director, said in
an interview.

--Editors: Will Wade, Reed Landberg

To contact the reporter on this story:
Ehren Goossens in New York at +1-212-617-7155 or

To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or