India to Top U.S. Lending With $575 Million in Solar Deals

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The U.S. Export-Import Bank expects India to become its biggest recipient of funding next year, led by loans for clean-energy projects including $575 million of solar deals.

The bank’s lending plans won’t be affected by concerns that the renewable energy industry may be vulnerable to a new global recession, said Craig S. O’Connor, director of the bank’s office of renewable energy.