US Export-Import Bank Approves Over $900M for Angola Solar Energy Project

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Reta Jo Lewis, President and Chair of EXIM, said the projects “will increase access to electricity in Angolan communities using clean energy technology.”

The funding marks EXIM’s largest renewable energy transaction and will boost U.S. exports of solar panels, connectors, switches, sensors and equipment to Angola.

EXIM says the development falls under efforts by the bank to promote clean energy exports, strengthen the U.S.-Africa commercial relationship and support U.S. exporters and American workers facing foreign competition, including from Chinese firms.

The development follows the recent inauguration of Angola’s first utility-scale solar power project by Azule Energy and national oil company Sonangol.

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Onur Yilmaz

Onur Yilmaz

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