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OPIC and ACORE Team Up

April 08, 2014

by Lynn Tabernacki, OPIC’s Managing Director for Renewable Energy and Sustainable Development This month, on April 24-25, the American Council on Renewable Energy (ACORE) will host one of its signature events for renewable energy investors interested in Latin America – the Renewable Energy Latin America and Caribbean Conference and Exhibition (RELACCX) in San Juan, Puerto Rico. OPIC is excited to
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Spotlight on OPIC Impact Award Winners: Medical Credit Fund

April 07, 2014

In Africa, many of the same health care clinics that serve large numbers of low and middle-income people struggle to borrow money to pay for new equipment or even basic maintenance. This limited access to finance directly impacts the delivery of quality healthcare on a continent that carries a disproportionate share of a host of major diseases from AIDS to
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Unlocking private climate investment: Two lessons from OPIC and Ex-Im Bank

April 07, 2014

By Giulia Christianson, Sustainable Finance, World Resources Institute Overcoming the climate change challenge won’t come cheap. A World Economic Forum report released last year, for example, estimates that the world will need to invest at least $5.7 trillion annually in green infrastructure by 2020 in order to limit the worst impacts of climate change. In addition to the significant amounts of finance
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Featured Photo: Inter-Mac International Inc., winner of OPIC’s Impact Award for Access to Finance

April 04, 2014

Some of the 5,000 residents of the Los Castanos de Choloma housing community in Honduras, which Inter-Mac International Inc. built with the support of OPIC financing. On March 11, OPIC awarded Inter-Mac an OPIC Impact award in the Access to Finance category for the project, which not only provides safe and affordable housing for a low-income population, but also offers
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How OPIC supports small businesses in Minnesota

April 02, 2014

OPIC’s support for American businesses investing in emerging markets overseas has directly benefited businesses around the country, including in Minnesota, the site of today’s Expanding Horizons workshop. Over more than four decades of supporting development, OPIC has committed more than $480 million in financing and insurance commitments to projects sponsored by Minnesota companies. These projects have generated an estimated $1.1
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Spotlight on OPIC Impact Award winners: ContourGlobal

April 02, 2014

Over the course of four decades addressing major world development challenges, OPIC has focused on different sectors, but infrastructure has been a constant. Power plants, airports and clean water facilities literally lay the foundation for future improved living standards, business activity, and overall economic growth and stability. At its March 11 Impact Awards, OPIC awarded the Critical Infrastructure Award to
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Spotlight on OPIC Impact Award winners: Inter-Mac International

April 01, 2014

  When OPIC leadership set out to identify outstanding clients for its inaugural Impact Awards held earlier this month, one award category, Access to Finance, generated a three way tie. This abundance of excellent work underscores how access to finance is a critical part of sustainable development, as well as how great the need is. Millions of people in the
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OPIC supported San Andres Solar Plant named Project Finance International’s Latin American Solar Deal of the Year

March 31, 2014

Last year, OPIC provided financing to SunEdison to construct one of the largest solar power facilities in the world, a photovoltaic plant in San Andres, Chile. As a mark of its innovation and scope, the project recently received an award from Project Finance International, which named SunEdison’s San Andres facility the Latin American Solar Deal of the Year for 2013.
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Featured photo: OPIC’s Alemayehou testifies at Senate Hearing on Power Africa’s progress

March 28, 2014

Judith Pryor, Vice President of OPIC’s Office of External Affairs, left, and Mimi Alemayehou, OPIC’s Executive Vice President, share a laugh before Alemayehou’s March 27 testimony on the progress of President Obama’s Power Africa initiative. Alemayehou testified before the U.S. Senate Foreign Relations Committee, and outlined how private-sector investment could help achieve the President’s goal of doubling the number of
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“My unique connection to Power Africa:” OPIC’s Alemayehou featured in USAID newsletter

March 27, 2014

In the summer of 2013, President Obama announced the Power Africa initiative, designed to help African countries responsibly develop extensive energy resources with the aid of private sector investors. OPIC committed up to $1.5 billion in financing to support this endeavor, in keeping with the agency’s longstanding history of supporting projects in Sub-Saharan Africa. OPIC Executive Vice President Mimi Alemayehou,
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