Showing posts with label EXPORTS TO MEXICO. Show all posts
Showing posts with label EXPORTS TO MEXICO. Show all posts

Thursday, January 31, 2013

U.S. EXPORT-IMPORT BANK GUARANTEES LOAN TO FINANCE SOLAR-MODULE EXPORTS TO MEXICO


One of the smaller step pyramids at the massive archaeological site of Teotihuacan (approximately 40km or 25mi northeast of Mexico City). Credit: CIA World Factbook.

FROM: U.S. EXPORT-IMPORT BANK
Ex-Im Bank Approves $780,000 Loan Guarantee To Finance U.S. Solar-Module Exports to Mexican Rooftop Solar-Power Project

WASHINGTON, D.C. -- A U.S. solar-module manufacturer and a Mexican company are both benefiting from the support of the Export-Import Bank of the United States (Ex-Im Bank). In a recently approved transaction, Ex-Im Bank will guarantee a $780,000, 10-year loan to be made by UPS Capital Business Credit to finance the export of photovoltaic (PV) solar modules from Suniva Inc. in Norcross, Ga., to a rooftop solar-power project of Grupo Metal Intra S.A.P.I. de C.V. (GMI). GMI is a leader in Mexico’s prefabricated-building industry.

The transaction is being made possible by utilizing medium-term buyer financing that is available to support smaller-scale renewable-energy projects in Mexico and in most other countries.

"With this authorization, Ex-Im Bank is continuing its strong support for Suniva’s high-efficiency exports that are sustaining high-quality jobs in Georgia," said Ex-Im Bank Chairman and President Fred P. Hochberg. "Our financing also benefits GMI, which will reap clean-energy savings for years to come. We hope to support many more such projects in Mexico and around the world."

Another GMI company, Intragreen TecnologĂ­a Sustenable, S.A.P.I. de C.V., will integrate the solar project and act as the provider of local services, including the project’s installation and connection to the grid. Ex-Im Bank’s medium-term guarantee will also support approximately $130,000 of related local costs.

The 500-kilowatt roof-top solar power project will be placed on the roof of GMI’s main production plant in the city of QuerĂ©taro. The project will be one of the largest rooftop solar-energy facilities in Mexico.

Since 2007, Suniva has used Ex-Im Bank’s buyer financing and working capital guarantees to support its exports to global markets that include Europe, India, Mexico and other countries in Latin America. Ex-Im’s financing has helped to sustain 190 jobs at Suniva’s manufacturing facility in Norcross, Ga.

"Suniva is very proud to partner with a leading and visionary organization like GMI/Intragreen in Mexico," said Suniva Chairman and CEO John Baumstark. "It is most fitting that the first major export and installation of our modules in Mexico is utilizing a guarantee from the U.S. Export-Import Bank with which we have a longstanding and valuable relationship."

"GMI has a long history of innovation and leadership in construction technology. Through our Intragreen subsidiary, we are continuing that tradition in renewable energy. We are grateful that Suniva, UPS Capital and Ex-Im Bank have joined us as a vital part of that vision," said Oscar Peralta Navarrete, chairman of the board of GMI.

Suniva’s technology was selected due to its high-efficiency rate of more than 16 percent at the module level that produces more power on limited surface areas. Suniva is also providing racking and inverters. The solar project is expected to generate 50 percent of GMI’s electricity needs and reduce GMI’s overall energy costs by at least 15 percent annually. GMI estimates that the energy savings will repay the investment in the solar panels in about seven years, while reducing CO2 emissions by approximately 677 tons per year.

Suniva is a U.S. manufacturer of high-efficiency crystalline silicon photovoltaic (PV) solar cells and high-power solar modules. Headquartered in the metropolitan Atlanta area, Suniva sells its advanced PV cells and modules globally. The company evolved from the work of Dr. Ajeet Rohatgi at the University Center of Excellence for Photovoltaics Research and Education (UCEP) at the Georgia Institute of Technology.

Tuesday, July 24, 2012

U.S. EXPORT IMPORT BANK APPROVES $1.2 BILLION FOR TELECOM SATELLITE EXPORTS

FROM:  U.S. EXPORT-IMPORT BANK
WASHINGTON, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) approved two separate transactions totaling more than $1.2 billion to finance the export of American-made telecommunications satellites to Mexico and Australia.

Approximately 750 U.S. aerospace jobs will be directly supported in Washington State, California, Pennsylvania and Virginia. In addition, the exports will indirectly support more than 1,000 additional jobs at suppliers throughout the United States.

Ex-Im Bank is providing a $922 million loan guarantee to support the export of three satellites and related equipment to the Mexican government for the MEXSAT regional mobile satellite system. Mexico’s Secretariat of Communications and Transportation will purchase the satellites from Boeing Space and Intelligence Systems in El Segundo, Calif. Boeing will produce two satellites with mobile service satellite (MSS) capacity and will subcontract a third satellite with fixed service satellite (FSS) capacity from Orbital Sciences Corporation in Dulles, Va.

The Bank is also providing a $281 million direct loan to Jabiru Satellite Ltd. (a subsidiary of NewSat Ltd.) in Southbank, Australia, for the purchase of satellite and ground equipment from Lockheed Martin Space Systems Co. in Bethesda, Md.

In FY 2012 to date, Ex-Im Bank has authorized a total of almost $1.3 billion to support U.S. satellite exports, matching its financing for this industry in all of FY 2011.

"American workers produce the best technology in the world, and that is why our satellites are being used from Mexico to Australia," said Fred P. Hochberg, the chairman and president of Ex-Im Bank. "These transactions help sustain and grow high-quality jobs across the country and put us one step closer to meeting President Obama’s National Export Initiative goal of doubling U.S. exports by 2015."

Map Credit:  U.S. State Department Boeing Exports Satellites to Mexican Government
Ex-Im Bank is guaranteeing a $922 million loan from Morgan Chase & Co. of New York to Mexico’s Secretariat of Communications and Transportation for the purchase of two MSS satellites made by Boeing and one FSS satellite made by Orbital Sciences Corporation, and related equipment and services.

The three satellites will be used to deploy the MEXSAT system, a next-generation, space-based communications platform that will help support social and economic development within Mexico. Various sectors will benefit from MEXSAT, including programs focusing on education, health care, disaster relief and rural telephonic service.

Boeing will design and deliver an end-to-end L-band MSS system consisting of two Boeing 702HP geomobile satellites, a spacecraft operations center and related ground infrastructure. Boeing will subcontract with Orbital Sciences Corporation for a FSS satellite for C-band and Ku-band communications and a spacecraft operations center.

Approximately 400 Boeing employees will work directly on the MEXSAT program. The transaction also will support an estimated 80 jobs at Orbital Sciences Corporation. Hundreds of additional jobs will be indirectly supported at related vendors throughout the United States.

"Boeing’s Geo-Mobile (GEM) product line is the most capable mobile satellite available in the global market. Ex-Im’s support for this transaction makes it possible to provide this capability to a valued international customer that shares our border, and, in the process, support U.S. high-technology jobs and American technology excellence in this arena," said Craig Cooning, vice president and general manager of Boeing Space and Intelligence Systems.

Mexico is one of Ex-Im Bank’s nine key markets and accounted for $8.3 billion of the Bank’s worldwide credit exposure at the end of FY 2011. In FY 2012 to date, the Bank has authorized approximately $1.8 billion in financing for U.S. exports to Mexico.


Map Credit:  U.S. State Department.
Lockheed Martin Satellite Export to Jabiru Satellite Ltd. in AustraliaEx-Im Bank’s $281 million direct loan to Jabiru Satellite Ltd. is the Bank’s first satellite transaction in Australia and its first satellite transaction involving Lockheed Martin as the exporter. The transaction will directly support 250 aerospace-based jobs at Lockheed’s manufacturing facilities in Sunnyvale, Calif., and Newtown, Pa. It will indirectly support more than 650 jobs at related suppliers across the country.

"The Ex-Im Bank loan is critical in solidifying a U.S-based satellite procurement that will protect and secure U.S. jobs in the aerospace industry," said Linda Reiners, vice president of Lockheed Martin Space Systems Commercial Ventures. "We congratulate NewSat and look forward to this exciting opportunity to deliver the high-quality Jabiru-1 satellite."

Jabiru Satellite Ltd. will contract the operation of the satellite to MEASAT Satellite Systems Sdn. Bhd. of Malaysia, which operates a fleet of five satellites reaching 145 countries in Asia, Africa and Europe.

Jabiru-1 will be Australia’s first privately-owned commercial satellite. It will rely upon 8.1 gigahertz of capacity to provide Ka-band and Ku-band coverage to government, corporate and industrial sectors in the high-growth regions of the Middle East and Africa during its 15 years of useful life. The satellite’s launch date is scheduled for 2014.

In FY 2011, Ex-Im Bank’s credit exposure in Australia represented $1.7 billion of the Bank’s portfolio. In FY 2012 to date, the Bank has authorized more than $3.1 billion in financing for U.S. exports to Australia.

Ex-Im Bank Chairman Hochberg will meet with government and business leaders in Australia from August 13-17.


 

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