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Video: How one solar project brings multiple benefits to a community

October 30, 2014

In June, OPIC committed financing to First Solar, Inc. to support construction of the Luz del Norte solar photovoltaic park in Chile’s Atacama desert. The plant will be the largest photovoltaic project in Latin America, with a capacity of 141 megawatts. In addition to introducing a clean source of fuel in Chile, the project is bringing many additional benefits to
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On World Food Day, a story of restoring potato crops to Tanzania

October 16, 2014

Family and smallholder farmers play a global role in protecting our environment, eliminating hunger and achieving sustainable development – especially in developing nations. On October 16, World Food Day will highlight this issue, with the theme of “Family Farming: Feeding the World, Caring for the Earth,” which will raise the profile of family and smallholder farmers. As is often the case,
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Improving lives through development: Highlights from OPIC’s Annual Report on Development Impact

September 30, 2014

By Margaret Kuhlow Vice President, OPIC Office of Investment Policy OPIC seeks to support projects that will serve as foundations for sustained economic growth, and the projects we support typically bring far-reaching benefits. A power plant, for example, has the immediate benefit of bringing new electricity to market. But it may also create jobs, generate tax revenue and introduce advanced
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Featured photo: OPIC meets with community groups near Kenya’s Lake Turkana

September 12, 2014

OPIC’s Office of Investment Policy recently met with community groups at Lake Turkana in Northern Kenya as part of a due diligence review of the Lake Turkana wind power project. During the summer, OPIC’s board approved a $250 million financing commitment to support construction of the 310-megawatt Lake Turkana wind power plant, which will boost Kenya’s installed energy capacity by
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The world needs more power

August 19, 2014

Today is World Humanitarian Day, a United Nations (U.N.) commemoration to “celebrate the spirit that inspires humanitarian work around the world.” This year, the UN’s theme is “The World Needs More…” As anyone who works in global development knows, there are many ways to answer that sentence. This year, OPIC highlights the world’s need for more power. Not only does
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Featured photo: Underscoring the opportunity of private investment in Africa

August 15, 2014

Elizabeth Littlefield (center), President and CEO of OPIC, signs a memorandum of understanding with Thomas McCaffery (left), Wells Fargo’s Executive Vice President, and Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank, at OPIC’s Washington headquarters on August 4. The memorandum, signed on the margins of the historic U.S.-Africa Leaders Summit, aligned OPIC, Wells Fargo and Attijariwafa’s efforts
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Highlights from the U.S.-Africa Leaders Summit

August 13, 2014

“What some say is a problem is actually a massive investment opportunity,” Nigeria’s Minister of Power Chinedu Nebo stressed at the U.S.-Africa Leaders Summit last week, discussing the widespread lack of energy access across the continent. His words echoed those of OPIC President and CEO Elizabeth Littlefield who previewed the historic summit in the Baltimore Sun, writing that while “casual
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Highlights from the Field: ACEF supports African renewable energy projects for enduring development

August 12, 2014

By Sarah Carta, OPIC U.S.-Africa Clean Energy Finance Program Manager OPIC’s U.S.-Africa Clean Energy Finance (ACEF) team recently traveled to Africa to seek out thriving clean energy technology resulting from ACEF support – from off-grid solar power in Tanzania to smart meters in Ethiopia to grid-connected solar in Rwanda. Energy is a crucial piece of the development puzzle, and access
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Seeking to build on momentum of recent days, OPIC hosts high-speed networking event for African businesses

August 06, 2014

In an effort to build on the momentum of recent days that saw billions of new investment committed to Africa, OPIC on Wednesday hosted multiple American and African businesses, as well as representatives from other U.S. Government Agencies for a high-speed networking event to discuss ways the U.S. could support infrastructure projects in Africa. Officers from OPIC’s financing, political risk
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Africa at a glance

July 28, 2014

Ahead of the historic summit of African leaders that will take place in Washington from August 4-6, take a look at some key facts about Africa that illustrate the challenges and opportunities the continent faces today, and the ways OPIC is helping Africa prepare for the future.   People: The median age in Africa today is 19 and the population
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