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OPIC has another record-setting year for renewable resources

October 17, 2012

This week, OPIC announced that its commitments to renewable resources projects rose 41 percent in Fiscal Year 2012, which ended September 30, to set a new record of $1.55 billion. The news follows last year’s  record setting pace, and as the graphic shows, marks a sharp and steady increase in OPIC’s support for projects in clean energy and sustainable agriculture
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In India, living off the grid has its benefits

August 02, 2012

As large swaths of India were in the dark this week after a massive power outage hit half the population, some of the country’s more remote communities had light. Those communities, once restricted by their locations far from central electric utility grids, have in more recent years benefited from innovation that has enabled them to generate their own power. Shortly before this week’s devastating power outage, The
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Six questions about impact investing

June 05, 2012

By: Mitchell L. Strauss, Special Advisor Socially Responsible Finance Investors are increasingly talking about “Impact Investing,” but the practice is not new to OPIC, which has a 40-year history of transforming private capital into solutions for common social and environmental challenges around the world. This Q&A explains the concept of Impact Investing, and why it offers the potential for such strong
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Q & A with Jay Koh, OPIC’s Head of Investment Funds and Chief Investment Strategist

May 14, 2012

We sat down recently with the very busy Jay Koh, OPIC’s Head of Investment Funds and Chief Investment Strategist, to hear more about how investment funds support critical development challenges. Jay is preparing to be a featured speaker this month at the IFC and Emerging Markets Private Equity Association’s 14thAnnual Global Private Equity Conference. He also just wrapped up OPIC’s most recent
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Addressing the lack of long-term lending for renewable energy

April 10, 2012

“Despite significant growth over the past few years, India’s renewable energy sector remains underserved, primarily due to the inability of financial institutions to offer long-term lending,” OPIC recently explained in a blog post for the U.S. Commerce Department. The post discusses OPIC’s recent approval of $250 million in financing to help India’s Infrastructure Development Finance Corp. (IDFC) expand lending for
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A new way to promote renewable energy

March 01, 2012

Leasing solar energy equipment is becoming increasingly popular in southern California, and a similar model could make sense in the developing world. In a recent  piece in Renewable Energy World, Lynn Tabernacki, Managing Director of OPIC’s Renewable and Clean Energy Programs, outlines how leased equipment could accelerate use of renewable energy technology in emerging markets and encurage economic growth. The full text
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“We must do both:” Littlefield says development must focus on people and the planet

December 12, 2011

OPIC President and CEO Elizabeth Littlefield spoke at the U.N. Climate Change Conference earlier this month, where  she addressed the particular challenges of promoting sustainability in the developing world. She stressed that expanded access to natural resources and more efficient use of those resources must be twin priorities. Littlefield’s comments challenged a common perception that rapid, so-called “dirty” development was
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Renewing the future through investment

November 30, 2011

OPIC’s work catalyzing private-sector investment to solve critical world challenges is increasingly focused on the renewable resources sector, with projects that support clean and sustainable development. On Dec. 2, OPIC will highlight its work in renewable resources at the COP 17, the United Nations Climate Change Conference in Durban, South Africa. OPIC President and CEO Elizabeth Littlefield and John Morton,
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Photos: In India, telecom sector taps solar power

October 12, 2011

OPIC’s board recently approved $150 million in financing to expand the use of solar energy to power telecommunications towers in India. Applied Solar Technologies plans to use the financing to supplement the diesel-powered generators on the cellular towers with solar hybrid energy systems. Attached are some photos of the project.

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Project Snapshot: Renewable energy in India’s rice belt

September 08, 2011

Site India Sector Renewable energy Challenge More than one billion residents of India have no electricity and many of them live in remote villages off the electricity grid. Solution $750,000 in debt financing for Husk Power Systems Inc. to cover the installation throughout rural India of 36 “mini energy generation facilities” that burn discarded rice husks to generate electricity. Impact
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