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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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Project Profile: OPIC loans fund India’s first large scale solar power plants

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
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Clean energy in India

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
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“Before electricity we did not know which century we were living in.”

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.

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Avoiding economic depression in Afghanistan: How private-sector investment can help

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
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