Locking up Green Energy

Renewable energy prospectors plying the vast deserts and windswept plains along the U.S.-Mexico border have found an influential financial ally with a top credit rating.

The North American Development Bank, founded nearly 20 years ago under the North American Free Trade Agreement with an infusion of capital from the U.S. and Mexican governments, has traditionally focused on drinking water and sewage systems.

But renewable energy projects, like solar and wind farms, also fit under the bank’s broad umbrella for infrastructure projects that improve human health, promote sustainable development and enhance the quality of life in the border region.

Last year, nearly three-quarters of the bank’s new financing was devoted to renewable energy development.

read more at: http://www.utsandiego.com/news/2013/dec/06/tp-locking-up-renewable-energy-locking-up-green/

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