The OPIC Blog

Archive for the Power Africa Tag

Featured Photo: Bringing much needed power to Senegal

Workers lay the groundwork for a 53 MW power facility in Senegal, which is being built with the support of up to $100 million in OPIC financing.  The project is OPIC’s first financing of grid-connected power project in Senegal, and one of several power generation projects OPIC is supporting as part of the U.S. Power Africa initiative, aimed at doubling Read more…

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A vision of growth in West Africa

ContourGlobal’s Cap des Biches power plant in Senegal. Credit: U.S. Embassy Dakar By: Subha Nagarajan, OPIC Managing Director of West and Central Africa Over the past two years, African countries have enacted many reforms to improve the business climate. And as the site of so many of the world’s low-income countries, Africa is a region with growing focus for the Read more…

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SLIDESHOW: OPIC visits Senegal and Côte d’Ivoire

Last month, OPIC President and CEO Elizabeth L. Littlefield led a delegation of American business leaders and CEOs on an investor tour of West Africa which included meetings with local governments, visits to OPIC-supported projects, and the opening of OPIC’s new office in Abidjan.     Africa: The next clean energy powerhouse. At the Africa CEO Forum in Abidjan, OPIC Read more…

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Electricity supply unreliable even for many grid-connected Africans

A new survey of electricity access across Africa shows the regions where energy poverty is most severe and also highlights the fact that many households that are grid-connected still lack consistent access to power. The survey from the African research group AfroBarometer says that in Africa, grid access is lowest in Burundi, Burkina Faso and Sierra Leone, but that even Read more…

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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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