The Santa Clara, California based Miasolé, a Thin film Solar PV Manfacturer has exported
thin-film solar panels to a solar photovoltaic (PV) project in
Rajasthan, India, with the support of a $9 million direct loan from the
Export-Import Bank of the United States (Ex-Im Bank).
The Indian borrower, Sai Maithili Power Company Private Ltd., a
single-purpose solar company formed by KSK Energy Ventures (link), used
Miasolé's (link) high-efficiency, thin-film PV solar panels in the construction
of an 11.6-megawatt (DC) solar PV project in Rajasthan. The recently
commissioned project was built in support of India's Jawaharlal Nehru
National Solar Mission.
"Ex-Im Bank exists to help companies
create and maintain American jobs through exports. This is Ex-Im's
second financing of Miasolé's exports to India, a growing market for
renewable-energy goods and services. Through this support, Ex-Im Bank is
assisting the company in expanding its manufacturing base and creating
many new jobs," said Ex-Im Bank Chairman and President Fred P. Hochberg.
In
FY 2010, Ex-Im Bank provided a $3.7 million loan to finance exports of
Miasolé's thin-film PV solar panels to a solar project in Gujarat,
India.
"Ex-Im Bank's support of Miasolé's California-made solar
modules for projects in India lowers the cost of capital and will enable
Miasolé to expand U.S. exports and create jobs in California," said
Miasolé CEO John Carrington. "We look forward to continuing to work with
Ex-Im Bank in 2013 as Miasolé expands its global footprint and business
model to invest in projects, acquire project pipeline and partner with
leading developers and engineering, procurement and construction (EPC)
companies in sustainable markets such as India."
