Eight U.S. government agencies have teamed up to assist renewable energy and energy efficiency exports by providing new funding, easy access to resources and other support.The overall goal is to increase exports connected to renewables and efficiency over the next five years.
Renewable energy companies will be able to access government export resources through a new website created for the Renewable Energy and Energy Efficiency Export Initiative.
As part of the program, the Commerce Department has pledged to conduct more trade and policy missions related to renewables, while the Overseas Private Investment Corporation (OPIC) will pump $300 million in financing to renewables projects in emerging markets.
The OPIC will provide new debt financing and equipment leasing financing, and, along with the Export-Import Bank of the United States, make it easier to apply for financing.
New foreign buyers guides to U.S. technologies will be drawn up, and the Office of the U.S. Trade Representative will form a subcommittee focused on barriers U.S. companies come up against when trying to get into foreign markets.
Earlier this month, the Commerce Department created the Renewable Energy and Energy Efficiency Advisory Committee, made up of 29 companies and groups like GE Energy, the U.S. Green Building Council, Verdant Power and American Superconductor. The committee is intended to advise the Commerce Department on programs and policies that would support renewable and energy efficiency companies in the U.S.
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