July 17, 2015
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
June 26, 2015
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.
May 28, 2015
When you expand access to energy, you expand access to opportunity. That was the founding premise of Simpa Energy India Ltd., a provider of solar-as-a-service in rural India, which OPIC recognized May 19 with an Impact Award recognizing excellence in development, in the renewable energy category. Simpa was one of seven OPIC clients honored with Impact Awards last week and
May 13, 2015
OPIC’s 2014 annual report … in addition to highlighting full year results … offers some data on the Agency’s progress over the past five years. These include: Steady growth in OPIC’s total portfolio: A sharp increase in renewable energy commitments: A strong focus on investing in Sub-Saharan Africa, which accounted for more than a quarter of new commitments
April 27, 2015
“Over the past year we have witnessed an unprecedented flow of industry and think tank data and research showing the increasing feasibility and attractiveness of renewable energy in developing nations, where most of the world’s population lives,” OPIC President and CEO Elizabeth Littlefield wrote in this piece in Institutional Investor on Earth Day at 45. “Four and a half decades
April 22, 2015
In honor of Earth Day 2015, this week’s featured photo highlights wind turbines in the Dominican Republic. Built by the AIC Caribbean Fund, the turbines are providing significant clean energy resources throughout the country. In 2011, OPIC provided financing to the fund which financed the construction of the first wind turbine farm in the nation, a mid-scale, grid-connected facility capable
April 21, 2015
OPIC has transformed its portfolio in recent years to support more sustainable development, from geothermal power in Kenya and solar power in Chile to wind power in Jamaica and new technologies to deliver off-grid power to rural populations in India. Here, OPIC President and CEO Elizabeth Littlefield explains how several global trends are converging to make sustainable development an imperative.
April 10, 2015
OPIC, which has helped support several early-stage clean energy projects in Africa through a partnership with the U.S. Trade and Development Agency (USTDA) and the U.S. Department of State, will play a key role in a similar U.S. program designed to encourage investment in clean energy in Central America and the Caribbean. The new Clean Energy Finance Facility for the
April 10, 2015
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
February 04, 2015
From a growing commitment to renewable resources to support for American small businesses, learn more about some of our major accomplishments in this cheat sheet.