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An OPIC anniversary: Good business, good government

December 11, 2014

By Elizabeth Littlefield  President and Chief Executive Officer, OPIC Thirty years ago this week, OPIC, the U.S. Government’s development finance institution, celebrated a rare feat in the federal government: it made good on its promise to pay back every cent of the $106 million that Congress had allocated to start the agency in 1971. The occasion was heralded by President Ronald
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From mom-and-pop to job engine: How OPIC helped hundreds of small businesses in the West Bank

December 09, 2014

This post by James C. Polan, OPIC’s Vice President for Small and Medium Enterprise Finance, was originally featured on the U.S. State Department’s DipNote blog. The original post can be viewed here. Small businesses create jobs. It’s a widely accepted economic truth, but it’s not the whole story. The fact is, small businesses need money to grow, but they often
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‘Renewable energy is critical’: OPIC is featured in The Jerusalem Post

December 05, 2014

The Jerusalem Post highlighted an upcoming trip by OPIC’s Brian O’Hanlon to a green energy conference in Israel. O’Hanlon, OPIC’s director of business development for renewable energy and sustainable development, plans to attend the Eilat Eilot Green Energy Conference to identify green technology projects that can help emerging markets develop using a clean, sustainable energy strategy. “Renewable energy is critical
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What renewable energy investors can learn from Chile

December 02, 2014

While many countries have sought to accelerate the development of renewable resources, Chile has been particularly successful in doing so. As of October, Chile’s installed renewable energy capacity was 1.8 gigawatts, with 855 more megawatts under construction. In this guest post in an industry publication, OPIC Structured Finance directors James Meffen and Dairo Isomura analyzed Chile’s success and outlined some
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Featured photo: Generating power in Jordan

November 07, 2014

Over the past few years, strong economic growth in Jordan has increased the demand for power beyond the country’s generation capacity. The 240MW AES Levant Power Plant, which was financed by a $170 million OPIC loan in addition to a $100 million loan from the European Bank for Reconstruction and Development, is strengthening the stability and supply of energy in
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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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