The OPIC Blog

Archive for the 'OPIC in Action' Category

Featured photo: Diversifying Peru’s energy production

Plant workers join Peruvian President Ollanta Humala for a ceremony dedicating a 20 MW photovoltaic plant near Moquegua, Peru on November 10. Supported by an OPIC loan, the Solarpack project is supplying power to Peru’s national grid and will serve approximately 360,000 people. Renewable energy as a group composes only 0.6 percent of Peru’s energy mix. The project is having Read more…

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Partner spotlight: How OPIC outreach workshops connect small businesses with the global market

In 2010 Milind Tavshikar (pictured) was a recent graduate of MIT’s Sloan School of Business with a winning business plan built around a technology he’d developed to lower the cost and improve the efficiency of shipping cargo. SmartKargo is a cloud-based RFID technology that uses handheld devices to scan cargo before it is loaded onto aircraft. Because it is cloud-based, Read more…

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OPIC achieves major milestone, surpassing its initial Power Africa commitment

Two years ago President Obama launched one of the most ambitious development initiatives of his Presidency and enlisted the support of OPIC in Power Africa, designed to bring more electricity to the hundreds of millions of people in Sub-Saharan Africa who have none. OPIC committed $1.5 billion to the initiative and this week we reported that we’ve surpassed that initial Read more…

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Education, the environment, and OPIC: Secretary Kerry acknowledges strides made in Central Asia

On October 31, Secretary John Kerry visited the American University of Central Asia (AUCA) in Bishkek, the capital of the Kyrgyz Republic, to commemorate the opening of a new, state-of-the-art campus.   Thanks to a $6 million loan from OPIC alongside USAID support, AUCA was able to construct the new campus, allowing the school to extend current programs and serve Read more…

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Featured photo: Revamping education infrastructure in Kyrgyzstan

A new, state-of-the-art campus at American University of Central Asia (AUCA) in Bishkek, Kyrgyzstan, opened its doors on October 31, 2015 with the support of OPIC financing. The expansion will enable the University to expand its enrollment by 33 percent. Access to education is vital for economic growth in developing regions. The new AUCA campus was designed to be eco-friendly Read more…

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Featured photo: Kenyan woman giving back uses microfinance loan to open a school

In honor of Women’s Small Business Month, we’re featuring female entrepreneurs around the world who have benefited from OPIC financing. This picture shows schoolchildren in Rongai, Kenya heading to class Pine Breeze Academy, which was started by local entrepreneur Lillian Alwi. Alwi obtained loans from KWTF, a microfinance institution supported by OPIC, and was able to open the school, which Read more…

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OPIC featured on State Department’s Dipnote Blog

“This year has been declared the “Year of Light.” It is easy to see why.” OPIC President and CEO Elizabeth Littlefield wrote in a recent post on the State Department’s DipNote blog. “Roughly 1.3 billion of the world’s poorest still have no access to electricity. Small-scale, off-grid renewable power, mostly solar, is now accomplishing what far too many governments in Read more…

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On World Energy Day a look at one innovative OPIC partner that delivers solar power in a box

On World Energy Day, we feature a young girl in Nigeria who is able to do her homework after dark with the help of a solar light powered by Lumos, an OPIC partner that provides off-grid solar solutions to remote communities. With the support of OPIC financing, Lumos will be able to provide power access to some of the nearly Read more…

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How OPIC is advancing the use of renewable energy around the world

This week, Secretary Kerry will host the Secretary’s Climate and Clean Energy Investment Forum, focusing on investments targeting clean energy, energy efficiency, and climate change in the developing world. Investors, corporations, philanthropies, and policymakers will convene to discuss and promote the impact that climate and clean energy investments can have in the battle against global climate change. Both the public Read more…

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Featured photo: Sweet success in Uganda

In honor of World Food Day, we are highlighting agribusiness entrepreneurs such as Madina Namanda who owns and operates a successful wholesale, commercial pineapple plantation in Uganda and, in doing so, has been able to increase her income. With the help of OPIC, microfinance institution FINCA International has provided more than 1.5 million low-income people with the financing necessary to Read more…

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