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US to set up Joburg finance hub for clean-energy projects

Engineering News 29 November 2012.

Three US government agencies have teamed up to establish a Clean Energy Development and Finance Centre (CEDFC) in Johannesburg, South Africa, which will support the development of renewable-energy projects across sub-Saharan Africa.

The CEDFC, which will operate from the US Consulate General, will be led by Overseas Private Investment Corporation (Opic) business development director Peter Ballinger, who is relocating to South Africa to co-lead the centre. In fact, Ballinger will be the only Opic official located outside of the US.

But it is also being supported by the US Trade and Development Agency (USTDA), which also has a permanent representative in Johannesburg in the form of Jason Nagy, as well as the Export-Import (Ex-Im) Bank, which already provides finance to American companies exporting products and services…

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