On Earth Day: Export-Import Bank Names Siemens Renewable Exporter of the Year
April 22, 2015
(Ex-Im Bank)
American Made Wind Turbines Built in Kansas and
Iowa Also Named As Part of “Deal of the Year”
Washington, D.C. – In honor of Earth Day, the
Export-Import Bank of the United States (Ex-Im
Bank) announced today that it will present its
Deal of the Year and Renewable Exporter of the
Year awards to Siemens Energy Inc. at the
Bank's Annual Conference in Washington on
Thursday, April 23rd.
Thanks to Ex-Im Bank financing, Siemens was
able to export wind turbines manufactured in
Hutchinson, Kansas and Fort Madison, Iowa, to
Peru. Ex-Im Bank financing not only levels the
playing field for American goods and services,
but it also fills private sector financing
gaps, particularly when it comes to long-term
energy projects in emerging markets.
The twin authorizations represented Ex-Im
Bank's first renewable energy transactions in
Peru and supported approximately 400 jobs in
Kansas and Iowa, according to bank estimates
derived from Departments of Commerce and Labor
data and methodology.
"We are proud to recognize Siemens Energy both
as the Renewable Exporter of the Year, and for
the vital role they played in Ex-Im's Deal of
the Year," said Ex-Im Bank Chairman and
President Fred P. Hochberg. "Siemens'
made-in-America wind turbines are increasing
energy access in Peru, but more importantly,
here at home, they are supporting hundreds of
good-paying manufacturing jobs."
The wind turbines are destined for use in the
Marcona wind project and the Tres Hermanas wind
project, which are located in close proximity
in the Ica region of southern Peru and which
are estimated to yield an aggregate 129
megawatts.
"Ex-Im Bank played a critical role in the
export of our American-made wind turbines for
these renewable energy projects in Peru," said
Jacob Andersen, CEO of Siemens Wind Power &
Renewables Onshore Americas. "The ability to
export equipment is helping sustain
manufacturing jobs here in the United States.
Through our factories in Iowa and Kansas,
Siemens has made a long-term commitment to the
success of America's wind industry, and we will
continue to seek opportunities to work with
Ex-Im as we grow our exporting capacity and
expand our footprint."
Since 2009, Ex-Im Bank has authorized nearly $2
billion to support the export of U.S. goods and
services related to renewable energy
production.
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