LPO has announced a memorandum of understanding with the Export-Import Bank of Korea to establish a framework around export and infrastructure financing for LPO-supported energy projects.
March 8, 2024
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On March 6, 2024, LPO Director Jigar Shah and Deputy Director Robert Marcum were pleased to welcome the Export-Import Bank of Korea (KEXIM) and its Chairman and CEO, Mr. Hee-sung Yoon, to the DOE for a signing of a Memorandum of Understanding (MOU), establishing a framework around export and infrastructure financing for LPO-supported energy projects.
Last year Korean companies announced more than $22 billion in clean energy and energy transition manufacturing investments in the United States. LPO’s partnerships like the ones with KEXIM and the Korea Trade Insurance Corporation (with whom LPO also signed an MOU last year) are a critical part of the ongoing cooperation on clean energy deployment with key global partners as the United States works to onshore and re-shore a domestic, clean energy manufacturing supply chain.
Learn more about President Biden's Investing in America agenda. Through historic legislation such as the Bipartisan Infrastructure Law and Inflation Reduction Act, it has been foundational to LPO’s ability to help tackle the climate crisis, protect public health, create good-paying jobs, and save consumers money.
