The OPIC Blog

Archive for the renewable energy Tag

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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How OPIC supports the planet on Earth Day and year-round

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. Read more…

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OPIC to play key role in new Caribbean clean energy program

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 Read more…

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Featured photo: Bringing clean energy to Rwanda

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 Read more…

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OPIC at a glance

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.

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OPIC’s CEO gives keynote address at Powering Africa Summit

OPIC President and CEO Elizabeth L. Littlefield addressed Powering Africa, the first Power Africa Summit held in the United States, on Jan. 30, where she told a group of private sector and government officials from the United States and Africa that reforms in energy subsidies could help spur investments in Africa’s power sector. Power Africa is a U.S. Government initiative Read more…

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Biden recognizes OPIC leadership in Caribbean clean energy efforts

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 Read more…

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