EXIM financing was not available for domestic projects until fairly recently so whatever government funding they didn’t want in 2018 is not what’s available now. They tried what was available or what they had access to and it didn’t work. For all intents and purposes, EXIM is a bank and it operates like a bank, with a virtually unlimited supply of funds secured by the gov’t, flexible interest rates and liberal repayment options. So, it is still very much the old fashioned way.
The critical mineral and supply chain issues were not as much in focus in 2018 as they are now, so the tailwinds for the project that exist today were not there 6 years ago.
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