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.
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
August 02, 2011
Site India Sector Solar power Challenge Advance India’s goal of generating more power from renewable sources and bring power to rural areas located outside the existing electricity grid. Solution An initial loan of $6.2 million to Azure Power to construct a 2-megawatt solar power plant in Punjab. Additional loans for the construction of two other plants have followed. Impact More
July 19, 2011
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
July 15, 2011
This video from India’s Husk Power Systems Inc.–an OPIC loan recipient–outlines how rice husks are being used to generate electricity and transform lives in many of India’s most remote communities.
June 20, 2011
By Elizabeth Littlefield, OPIC President and CEO Earlier this month, the Senate Foreign Relations Committee offered a grim forecast about the future of Afghanistan, warning that the country could face “a severe economic depression” after foreign troops withdraw in 2014. The report, which asserted that both military and civilian aid programs in the country are unsustainable, reopened a longstanding debate
June 17, 2011
In 2009, OPIC approved a loan to India’s Husk Power Systems Inc. to build a series of energy generation facilities that convert rice husk waste into electricity to serve rural villages. This week, Husk won the Ashden Award for Sustainable Energy, a British award aimed at addressing climate change and alleviating poverty. Full story.
May 06, 2010
Wednesday, May 6, 2010- Renewable Energy & Clean Technology: Access to Investment Opportunities in Emerging Markets was officially opened by OPIC Acting President Dr. Lawrence Spinelli. This three-day international conference—taking place in New Delhi, India—is focused on facilitating private sector investment in renewable energy and clean technology. The conference has attracted almost 300 participants from over 26 countries representing U.S.
May 05, 2010
Dr. Lawrence Spinelli, Acting President, talks about the first day of OPIC’s conference–Renewable Energy and Clean Technology: Access to Investment Opportunities in Emerging Markets. The three-day conference, which started on Wednesday, May 5th, is being held in New Delhi, India. Click on the post to hear what Dr. Spinelli had to say.