The OPIC Blog

Archive for the renewable energy Tag

“The most predictable economic transformation in modern times:” OPIC COO John Morton featured in Quartz

Renewable energy investment in developing countries jumped 36 percent between 2013 and 2014 and now exceeds the level of renewable energy invested in developing economies, OPIC Chief Operating Officer John Morton, wrote in this piece in Quartz that examines the large investment in energy infrastructure that will be needed worldwide to keep up with a growing population. “Leading nations, with comparatively Read more…

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Featured photo: Solar panels offer a clean source of electricity in rural India

  As the Paris Climate Conference (COP21) brings together leaders from every end of the globe to share ideas on what we can do to combat climate change, we’re highlighting one of the several projects we’ve supported to help introduce renewable energy in developing countries around the world. Here, a worker in rural India prepares to install a portable solar Read more…

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Featured photo: Diversifying Peru’s energy production

Plant workers join Peruvian President Ollanta Humala for a ceremony dedicating a 20 MW photovoltaic plant near Moquegua, Peru on November 10. Supported by an OPIC loan, the Solarpack project is supplying power to Peru’s national grid and will serve approximately 360,000 people. Renewable energy as a group composes only 0.6 percent of Peru’s energy mix. The project is having 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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How OPIC is advancing the use of renewable energy around the world

This week, Secretary Kerry will host the Secretary’s Climate and Clean Energy Investment Forum, focusing on investments targeting clean energy, energy efficiency, and climate change in the developing world. Investors, corporations, philanthropies, and policymakers will convene to discuss and promote the impact that climate and clean energy investments can have in the battle against global climate change. Both the public Read more…

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OPIC’s support of the Caribbean Energy Security Initiative featured on State Department’s DipNote blog

“Energy security is a major challenge for the Caribbean,” OPIC Chief Operating Officer and Chief of Staff John Morton wrote in a recent post on the State Department’s DipNote blog. “The region is largely dependent on relatively high-cost imported fuel and electricity. Small isolated economies and unattractive investment policies discourage investment necessary to build sustainable energy systems. As a result, Read more…

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Featured photo: Building a wind power plant in Jamaica

Workers near Malvern, Jamaica help excavate a construction site where wind turbines will be raised in the coming months. Supported by a $42.7 million loan from OPIC, BMR Jamaica Wind Ltd is building a 36.3 MW wind farm about 60 miles west of Kingston. The plant is expected to be the largest renewable energy project developed by the private sector Read more…

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Featured Photo: Illuminating remote Indian villages with solar power

Children do their school homework under a solar light provided by Simpa Networks, a Seattle company and OPIC client that used OPIC financing to introduce affordable solar power technology in remote Indian villages. Last month Simpa Networks received the 2015 OPIC Impact Award for excellence in development in the Renewable Energy category.

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