The OPIC Blog

Archive for the energy Tag

Infographic: Highlights from 2015

OPIC committed $4.4 billion in development in emerging markets in 2015, and the Agency’s portfolio of active projects now totals almost $20 billion. This infographic shows some of the highlights from the year, including our investments to support development in low-income countries, our support for critical infrastructure and energy projects, and our work with small and medium U.S. businesses.

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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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Featured photo: Investment in Ukraine ready for growth

On April 28, Vitali Klitschko, Mayor of Kyiv, Ukraine, visited OPIC’s President and CEO Elizabeth Littlefield in Washington D.C., to encourage private investment to boost Ukraine’s economic growth and stability. Mayor Klitschko’s message to OPIC and potential investors underscored that Kyiv, which lies several hundred miles from areas of conflict, is stable and ripe for investment – particularly in the Read more…

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How OPIC projects make a positive impact

OPIC seeks to support projects that will yield multiple, long-lasting benefits. The 2014 annual report takes a look at the many ways a single project to provide financing to a dairy producer in Georgia has had a far-reaching positive impact, including not only increased food production, but job creation, environmental benefits and knowledge transfer. Read more about OPIC’s development impact Read more…

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Snapshots in development: Annual report highlights OPIC’s far-reaching impact

From Vietnam to Afghanistan, Malawi and Brazil, OPIC supports projects that build power plants and water treatment facilities, increase access to food and healthcare, introduce cleaner sources of energy and help address poverty by building affordable housing and establishing loan facilities to support entrepreneurs and small businesses. OPIC’s 2014 annual report takes an in-depth look at the far-reaching impact of Read more…

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Featured Photo: Breaking ground on the largest private sector wind farm in Jamaica

A Jamaican and U.S. government delegation kicks off construction of a 36.3 megawatt wind farm in Jamaica’s Santa Cruz Mountains. The project, which is being supported by a $42.7 million loan from OPIC along with financing from the International Finance Corporation (IFC) and the IFC-Canada Climate Change Program, is being developed by BMR Jamaica Wind Limited. The wind farm will Read more…

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Featured photo: OPIC meets with community groups near Kenya’s Lake Turkana

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 Read more…

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

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 Read more…

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“Energy prosperity can replace energy poverty:” NPR highlights Power Africa and OPIC’s latest commitment

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 Read more…

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Africa at a glance

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 Read more…

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