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.
Jigar Shah
Former Director, Loan Programs Office
Jigar Shah served as Director of the Loan Programs Office (LPO) at the U.S. Department of Energy (DOE) from March 2021 to January 2025. He led and directed LPO’s loan authority to support deployment of innovative clean energy, advanced transportation, and Tribal energy projects in the United States. Prior, Shah was co-founder and President at Generate Capital, where he focused on helping entrepreneurs accelerate decarbonization solutions through the use of low-cost infrastructure-as-a service financing. Prior to Generate Capital, Shah founded SunEdison, a company that pioneered “pay as you save” solar financing. After SunEdison, Shah served as the founding CEO of the Carbon War Room, a global non-profit founded by Sir Richard Branson and Virgin Unite to help entrepreneurs address climate change.
Shah was also featured in TIME's list of the "100 Most Influential People" in 2024.
Originally from Illinois, Shah holds a B.S. from the University of Illinois-UC and an MBA from the University of Maryland College Park.