The OPIC Blog

Archive for the 'Renewables' Category

‘Renewable energy is critical’: OPIC is featured in The Jerusalem Post

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 Read more…

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What renewable energy investors can learn from Chile

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 Read more…

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

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 Read more…

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Powering Africa: The renewable energy opportunity

Third in a series looking at OPIC’s approach to powering Africa. For earlier posts see Powering Africa: The off-grid challenge, and Powering Africa: The on-grid challenge. The sun shines almost daily throughout most of Sub-Saharan Africa, but most of the population – more than 620 million people — lives in the dark. This extreme energy poverty in a region so rich Read more…

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Powering Africa: The on-grid challenge

Second in a series looking at OPIC’s work supporting President Obama’s Power Africa Initiative See also: Powering Africa: The off-grid challenge President Obama’s Power Africa initiative has increased awareness of the challenge of extreme energy poverty in Sub-Saharan Africa and in doing so, has also highlighted the need for off-grid power solutions to reach a large share of Africa’s rural Read more…

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Highlights from the Field: ACEF supports African renewable energy projects for enduring development

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 Read more…

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“The Lab:” A multinational innovation for a global challenge

  OPIC President and CEO Elizabeth Littlefield traveled to London in June to join the launch of the Global Innovation Lab for Climate Finance, a group of public and private sector leaders from around the world brought together by the Climate Policy Initiative (CPI). “The Lab” is a public-private initiative that seeks to leverage the tools of private investment to Read more…

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Impressive solar energy focus helps OPIC bolster U.S.-Chile relations

When Chile’s President Michelle Bachelet met with President Obama at the White House June 30, one of the topics the two leaders discussed was energy cooperation between the United States and Chile. “We’re both very interested in energy, and how we can transition to a clean-energy economy,” said President Obama. “We’ll be announcing some collaborations including the facilitation of construction Read more…

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OPIC and solar energy: Bolstering renewable resources in development

This year’s Earth Day focus is sustainable cities and how the world’s cities are responding to our climate change challenge. Roughly 5.2 billion people are projected to live in the world’s urban communities by 2050. Developing energy sources, transportation systems and land management will help determine how best to facilitate this global challenge. For more than 40 years, the Overseas Read more…

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OPIC and ACORE Team Up

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 Read more…

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