The OPIC Blog

Clean energy in India

OPIC President Elizabeth Littlefield traveled on July 19 to New Delhi, where she reaffirmed OPIC’s commitment to supporting renewable energy projects in India. Littlefield, pictured here with Fred Hochberg, the Chairman of  the Export-Import Bank of the United States, outlined OPIC’s plans for further mobilizing private-sector investment and supporting private equity investment funds in India.

In support of PACE, the U.S.-India Partnership to Advance Clean Energy, OPIC recently approved two new private equity funds, which plan to invest $600 million in the Asian renewable and clean tech sectors. About $360 of that total will wind, solar, hydropower and biomass projects in India. This latest investment follows the $300 million south Asia Clean Energy Fund that OPIC approved last year, along with more than $520 million of financing and insurance that OPIC expects to commit for Indian solar projects by the end of 2011.


Share and Enjoy

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Related Post

On Earth Day, some highlights of sustainable development around the world

This week, we’ve focused on the projects we are supporting to advance sustainable development around the world, and the progress...

How to make every day Earth Day

While investment in renewable energy in developing countries continues to set records, “OPIC is cognizant of how much remains to...

Littlefield on CNBC Asia: We’d like to invest more in the region

Littlefield on CNBC Asia: We’d like to invest more in the region During her recent visit to Indonesia and Singapore,...