The OPIC Blog

Archive for the Power Africa Tag

OPIC achieves major milestone, surpassing its initial Power Africa commitment

Two years ago President Obama launched one of the most ambitious development initiatives of his Presidency and enlisted the support of OPIC in Power Africa, designed to bring more electricity to the hundreds of millions of people in Sub-Saharan Africa who have none. OPIC committed $1.5 billion to the initiative and this week we reported that we’ve surpassed that initial Read more…

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OPIC featured on State Department’s Dipnote Blog

“This year has been declared the “Year of Light.” It is easy to see why.” OPIC President and CEO Elizabeth Littlefield wrote in a recent post on the State Department’s DipNote blog. “Roughly 1.3 billion of the world’s poorest still have no access to electricity. Small-scale, off-grid renewable power, mostly solar, is now accomplishing what far too many governments in Read more…

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On World Energy Day a look at one innovative OPIC partner that delivers solar power in a box

On World Energy Day, we feature a young girl in Nigeria who is able to do her homework after dark with the help of a solar light powered by Lumos, an OPIC partner that provides off-grid solar solutions to remote communities. With the support of OPIC financing, Lumos will be able to provide power access to some of the nearly Read more…

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Ten facts and forecasts that illustrate the demand for renewable energy in the developing world

OPIC is an active participant this week in Secretary Kerry’s Climate and Clean Energy Investment Forum, focused on clean energy and energy efficiency in the developing world. As the forum kicked off on Oct. 20, OPIC President and CEO Elizabeth L. Littlefield moderated a panel on the Clean Energy Transformation that featured multiple companies that are active investors in the Read more…

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Featured Photo: Innovation supporting rural livelihoods in Tanzania

A Power Africa photo contest winner shows a man in Tanzania sewing at night with the aid of a solar light, which is helping to provide additional income generating opportunities for him and his family. The light, made available by d.Light – an African Clean Energy Finance ACEF grant recipient, is empowering rural families in Tanzania by extending their productive Read more…

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Featured photo: Bringing clean energy to Rwanda

Rwandan workers inspect solar panels at Gigawatt Global’s 8.5 megawatt solar facility east of Kigali, Rwanda’s capital, shortly before the solar field’s opening ceremony in February 2014. The clean power project is East Africa’s first grid-connected, utility-scale solar energy facility and represents a full 6% contribution to the entire country’s power generation capacity. OPIC supported the Gigawatt Global project in Read more…

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ACEF: Unlocking the Potential for Clean, Renewable African Power

By Charlie Stadtlander, OPIC External Affairs In February 2015, in a quiet patch of land an hour from Kigali, Rwanda, with the help of the Overseas Private Investment Corporation (OPIC) and Power Africa, energy development in Africa took a historic leap forward. With the snip of a ribbon and the flip of a switch, East Africa’s first grid-connected, utility-scale solar Read more…

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Ahead of EnergyNet’s Powering Africa Summit, a recap of the #PoweringAfrica Twitter chat

[View the story “Recap of #PoweringAfrica Twitter Chat” on Storify]

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‘Don’t let Ebola obscure Africa’s larger promise’: OPIC’s CEO on the future of Africa

The development news outlet Devex published an op-ed by OPIC President and CEO Elizabeth Littlefield on the promise of economic growth in Africa. In her piece, “Don’t let Ebola obscure Africa’s larger promise and challenges,” Littlefield writes that America’s increased engagement with Africa comes at a pivotal moment when investors are helping build the energy infrastructure in Africa with unprecedented Read more…

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Year in review: OPIC’s top blog posts of 2014

OPIC extended its work addressing major world development challenges in 2014, supporting projects to build power plants and other major infrastructure, increase access to food and clean drinking water, introduce cleaner sources of energy, improve the quality of healthcare and help individuals lift themselves out of poverty by providing affordable mortgages to build stable homes and small businesses. We’re recapping Read more…

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