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International Youth Day 2012

August 09, 2012

Sunday, August 12 is International Youth Day, an annual observance supported by the United Nations (UN) calling attention to youth issues worldwide. In both developing and developed countries, young people face pressing global challenges, such as high levels of unemployment and subpar working conditions. They are seemingly left out while their leaders make decisions on their future. The UN provides
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In India, living off the grid has its benefits

August 02, 2012

As large swaths of India were in the dark this week after a massive power outage hit half the population, some of the country’s more remote communities had light. Those communities, once restricted by their locations far from central electric utility grids, have in more recent years benefited from innovation that has enabled them to generate their own power. Shortly before this week’s devastating power outage, The
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U.S. businesses are underrepresented in emerging markets, Littlefield says

July 17, 2012

At a time that the U.S. economy is tied more closely than ever to the world economy and some of the strongest economic growth is occurring in developing countries, American businesses are underrepresented in many of these high-growth regions, OPIC President and CEO Elizabeth Littlefield said. Littlefield, who spoke on Tuesday, July 17 at the Women in Finance symposium at
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Monthly news wrap-up: June 2012

July 05, 2012

June was an eventful month for OPIC, which hosted its latest board meeting and approved several funding deals addressing a range of development challenges in a variety of regions. The board’s approvals included two solar projects in Peru, an Internet expansion project in East Africa, and several new investment funds that will bring the latest renewable energy technologies to emerging
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Addressing the lack of long-term lending for renewable energy

April 10, 2012

“Despite significant growth over the past few years, India’s renewable energy sector remains underserved, primarily due to the inability of financial institutions to offer long-term lending,” OPIC recently explained in a blog post for the U.S. Commerce Department. The post discusses OPIC’s recent approval of $250 million in financing to help India’s Infrastructure Development Finance Corp. (IDFC) expand lending for
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A new way to promote renewable energy

March 01, 2012

Leasing solar energy equipment is becoming increasingly popular in southern California, and a similar model could make sense in the developing world. In a recent  piece in Renewable Energy World, Lynn Tabernacki, Managing Director of OPIC’s Renewable and Clean Energy Programs, outlines how leased equipment could accelerate use of renewable energy technology in emerging markets and encurage economic growth. The full text
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Project Snapshot: Renewable energy in India’s rice belt

September 08, 2011

Site India Sector Renewable energy Challenge More than one billion residents of India have no electricity and many of them live in remote villages off the electricity grid. Solution $750,000 in debt financing for Husk Power Systems Inc. to cover the installation throughout rural India of 36 “mini energy generation facilities” that burn discarded rice husks to generate electricity. Impact
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Renewable Energy & Clean Technology: Official Conference Opening

May 06, 2010

Wednesday, May 6, 2010- Renewable Energy & Clean Technology: Access to Investment Opportunities in Emerging Markets was officially opened by OPIC Acting President Dr. Lawrence Spinelli. This three-day international conference—taking place in New Delhi, India—is focused on facilitating private sector investment in renewable energy and clean technology. The conference has attracted almost 300 participants from over 26 countries representing U.S.
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