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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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Hillary Clinton recognizes OPIC’s role in addressing energy poverty and highlighting opportunities for American businesses

September 05, 2014

Hillary Clinton told the National Clean Energy Summit in Las Vegas on September 4 that OPIC was playing a critical role in bringing more energy to the developing world. “I’m delighted that (OPIC President and CEO) Elizabeth Littlefield is here,” said Clinton. “OPIC is major player in trying to deal with the issue of energy poverty.” Clinton also noted that
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“Energy prosperity can replace energy poverty:” NPR highlights Power Africa and OPIC’s latest commitment

August 06, 2014

National Public Radio featured the African Leaders Summit and President Obama’s Power Africa initiative this week in a story that highlighted OPIC’s latest Power Africa project, its $50 million commitment to the 450-megawatt Azura-Edo natural gas power plant in Nigeria. Power Africa aims to double the number of people in Africa who have access to power and this week’s summit
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Africa at a glance

July 28, 2014

Ahead of the historic summit of African leaders that will take place in Washington from August 4-6, take a look at some key facts about Africa that illustrate the challenges and opportunities the continent faces today, and the ways OPIC is helping Africa prepare for the future.   People: The median age in Africa today is 19 and the population
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“The Lab:” A multinational innovation for a global challenge

July 15, 2014

  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
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Video: Spotlight on OPIC’s Impact

July 03, 2014

Eight OPIC projects that are making a difference around the world.

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

July 02, 2014

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
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The little document that makes a big difference in project finance: Why a Bankable PPA helps private investment in African power

June 13, 2014

One of the ways OPIC supports President Obama’s Power Africa initiative – in addition to providing loans and insurance to help build new power plants – is by sharing its extensive experience doing business in emerging markets. The Agency has supported multiple large-scale power projects in Africa and understands the hurdles to successful development. One document OPIC helped develop to
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Momentum builds around the world for Power Africa initiative

June 03, 2014

OPIC President and CEO Elizabeth L. Littlefield will join a large group of senior U.S. and African officials this week at the U.S.-Africa Energy Ministerial (AEM) in Addis Ababa, Ethiopia to talk about the progress that has been made to date on President Obama’s Power Africa initiative and the path forward. The event is one of a series of gatherings
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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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