The OPIC Blog

Archive for the renewable energy Tag

OPIC partner Lumos recognized in “transformational business” awards

  Nova Lumos, an OPIC partner that is introducing home solar systems in Nigeria, was recognized with a special commendation in Financial Times/International Financial Corporation’s Transformational Business Awards for achievement in low-carbon urban transformation. Lumos was recognized as “a company whose impact goes well beyond its sector by offering a novel and affordable solution to the acute challenge of access Read more…

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Why is the U.S.-India solar partnership historic? One foundation weighs in

“More than 300 million people in India – that’s a quarter of the Indian population, mostly rural poor – cannot turn on a light. What power they have for their homes and kitchens comes from kerosene, wood, coal and cow manure. This takes a huge toll on people’s health, not to mention on the nation’s economy and air quality. Solar Read more…

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Featured Photo: Homework continues after the sun goes down

Two students in India continue working on their homework after the sun goes down with the use of Greenlight Planet’s portable solar light. OPIC provided a $5 million in financing to help Greenlight Planet introduce affordable solar lighting and phone charging stations in emerging markets around the world. Chicago-based Greenlight Planet has its roots in the University of Illinois, where Read more…

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On Earth Day, some highlights of sustainable development around the world

This week, we’ve focused on the projects we are supporting to advance sustainable development around the world, and the progress that is being made in making the most of the world’s resources. Some highlights: OPIC supports sustainable development in projects from Brazil to Rwanda. This slideshow of some key OPIC projects shows how we have supported small farmers producing açaí Read more…

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Earth Day slideshow: How OPIC invests in our planet

Each year, Earth Day presents an opportunity to highlight both the challenges the earth is facing and some of the progress made in addressing these challenges. As a development finance institution that supports development in more than 100 countries around the world, OPIC understands many of the challenges from global population growth to resource depletion, food insecurity and energy poverty Read more…

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Developing countries play a vital role in the health of the earth

Thirty-six years after the first Earth Day demonstrations, there is a growing understanding that as we work to build a healthier earth, we must consider the whole earth — from the major cities of our wealthy countries, to remote villages in the developing world, OPIC Vice President Judith Pryor writes on Medium. Today more than half the world’s annual investment 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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Featured Photo: Partnering to expand access to off-grid power

(From left to right) Amitesh Sinha, CFO, Greenlight Planet; Anish Thakkar, CEO, Greenlight Planet; Loren Rodwin, Managing Director of Small & Medium Enterprise Finance, OPIC; and Thomas Vajda, Counsel General, U.S. Consulate in Mumbai at a signing ceremony formalizing a partnership to expand off-grid energy access in the developing world. Greenlight Planet is introducing affordable solar lighting and phone charging Read more…

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“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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