A joint announcement by Sen. Sherrod Brown and the head of the federally operated Ex-Im Bank reported that the bank will provide $455.7 million financing that will allow the First Solar Inc. plant near Toledo to produce solar panels for two solar projects in Ontario, Canada.
The paper said the 18-year government guaranteed loan will sustain jobs for 550 workers at the plant. It should be further noted that Fred Hochberg, Ex-Im Bank chairman, said such financing was needed through federal channels because without it the project could not obtain loans in the commercial lending marketplace.
There's a chance his Republican opponents will find a way to criticize Brown for the deal. They usually do if they aren't busy raising questions about global warming or damning the Feds.
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