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Biden recognizes OPIC leadership in Caribbean clean energy efforts

January 27, 2015

Vice President Joe Biden highlighted OPIC’s work helping to introduce renewable energy to the Caribbean, when he spoke this week at an international energy summit. Biden highlighted OPIC’s support for a project to build the largest private-sector wind farm in Jamaica. Jamaica, like many other Caribbean islands, depends heavily on imported fuel to meet its energy needs. The new 34-megawatt
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Democracy and progress in India

January 26, 2015

By Elizabeth L. Littlefield President and CEO, Overseas Private Investment Corporation This post also appeared on The White House Blog. Sixty-five years ago this week, India’s post-independence democratic constitution went into effect, paving the way for the country to become not only a democracy but the world’s largest democracy. Today, as a country of well over a billion people encompassing
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U.S.-Africa Clean Energy Finance Initiative – Supporting renewable energy to power Africa

January 13, 2015

By John Morton, OPIC Chief of Staff Imagine an expanse of land stretching from the Statue of Liberty to the Golden Gate Bridge in which most residents live their daily lives without a single watt of electricity. Some 300 million Americans would travel home from work on darkened streets, read at night by the light of candles, think twice about
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Business as a force for good: OPIC celebrates another banner year

December 19, 2014

  Simpa Networks, a new OPIC client is working to provide solar power to tens of thousands of rural Indians. OPIC this week announced fiscal year financial results showing another strong year in 2014, including $3 billion in financing and insurance commitments in emerging markets, which mobilized an additional $3.2 billion in private-sector investment. OPIC also extended its longstanding track
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‘Renewable energy is critical’: OPIC is featured in The Jerusalem Post

December 05, 2014

The Jerusalem Post highlighted an upcoming trip by OPIC’s Brian O’Hanlon to a green energy conference in Israel. O’Hanlon, OPIC’s director of business development for renewable energy and sustainable development, plans to attend the Eilat Eilot Green Energy Conference to identify green technology projects that can help emerging markets develop using a clean, sustainable energy strategy. “Renewable energy is critical
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What renewable energy investors can learn from Chile

December 02, 2014

While many countries have sought to accelerate the development of renewable resources, Chile has been particularly successful in doing so. As of October, Chile’s installed renewable energy capacity was 1.8 gigawatts, with 855 more megawatts under construction. In this guest post in an industry publication, OPIC Structured Finance directors James Meffen and Dairo Isomura analyzed Chile’s success and outlined some
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Video: How one solar project brings multiple benefits to a community

October 30, 2014

In June, OPIC committed financing to First Solar, Inc. to support construction of the Luz del Norte solar photovoltaic park in Chile’s Atacama desert. The plant will be the largest photovoltaic project in Latin America, with a capacity of 141 megawatts. In addition to introducing a clean source of fuel in Chile, the project is bringing many additional benefits to
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Powering Africa: The on-grid challenge

October 08, 2014

Second in a series looking at OPIC’s work supporting President Obama’s Power Africa Initiative See also: Powering Africa: The off-grid challenge President Obama’s Power Africa initiative has increased awareness of the challenge of extreme energy poverty in Sub-Saharan Africa and in doing so, has also highlighted the need for off-grid power solutions to reach a large share of Africa’s rural
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Featured photo: OPIC meets with community groups near Kenya’s Lake Turkana

September 12, 2014

OPIC’s Office of Investment Policy recently met with community groups at Lake Turkana in Northern Kenya as part of a due diligence review of the Lake Turkana wind power project. During the summer, OPIC’s board approved a $250 million financing commitment to support construction of the 310-megawatt Lake Turkana wind power plant, which will boost Kenya’s installed energy capacity by
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Highlights from the Field: ACEF supports African renewable energy projects for enduring development

August 12, 2014

By Sarah Carta, OPIC U.S.-Africa Clean Energy Finance Program Manager OPIC’s U.S.-Africa Clean Energy Finance (ACEF) team recently traveled to Africa to seek out thriving clean energy technology resulting from ACEF support – from off-grid solar power in Tanzania to smart meters in Ethiopia to grid-connected solar in Rwanda. Energy is a crucial piece of the development puzzle, and access
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