The OPIC Blog

Archive for the renewable energy Tag

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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Focus on OPIC Impact Award winners: Simpa Energy India Ltd.

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 Read more…

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Four data points showing five years of progress at OPIC

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 Read more…

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Elizabeth Littlefield on Earth Day, past, present and future

“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 Read more…

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Featured Photo: Investing in renewable energy sources in the Caribbean

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 Read more…

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