Evergreen Solar (ESLR) Getting Low Interest Financing From US Import Export Bank

In an attempt to spur the export of US made solar products, Evergreen Solar (ESLR) is getting a boost from the Export-Import Bank of the US which is providing low interest financing (4.9% fixed over 18 yrs) for overseas projects using ESLR panels produced domestically.  ESLR currently has 90MW of projects in varying stages of the loan app process with the bank which will cover 85% of the product cost and up to 30% of installation costs. 

“At a time when many companies are struggling to attain credit for capital expenditures in a difficult financial market, the Ex-Im Bank’s office of renewable energy has been extremely helpful in offering a significant financing tool for our international partners which greatly assists us in our continued business success outside of the U.S.,” said Terry Bailey, Evergreen Solar’s senior vice president of sales and marketing. “Our international customers have been very enthusiastic about this added benefit we can offer them as a U.S. manufacturer.”


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