“For a planet that is home to more than seven billion people, it is essential that growth and development follow a course that is clean and sustainable. We must make the most of our renewable resources and seek more efficient ways to energize the world.”
–OPIC President and CEO Elizabeth Littlefield
OPIC is committed to supporting projects that advance a sustainable, lower-carbon economy, greater resource efficiency and a cleaner and more secure energy supply. The Agency has a growing portfolio of renewable resources in projects from clean water and sustainable agriculture to renewable energy.
In developing countries around the world these projects are improving lives and supporting economic growth by illuminating remote communities and providing electricity for homes, farms and small businesses. By helping American businesses develop these critical resources, OPIC is also helping them tap into a fast growing sector.
In 2013, OPIC committed a record $1.2 billion to a range of new renewable energy projects spanning solar and wind power, geothermal, biomass and hydropower in both utility-scale and distributed power projects from Pakistan to Chile. The Agency’s renewable energy portfolio includes some innovative solutions for remote communities that are not connected to the central grid.
Renewable resources in Sub Saharan Africa will also be a key focus of the Agency as it works to support the U.S. Power Africa initiative to double access to power on the continent.
Read more about OPIC’s work in renewable resources:
OPIC Board of Directors Commits to Lake Turkana Wind Power Project, Affirms Power Africa Pledge
OPIC and solar energy: Bolstering renewable resources in development
OPIC supported San Andres Solar Plant named Project Finance International’s Latin American Solar Deal of the Year
OPIC board approves six deals in sectors from renewable resources to small business lending
OPIC supported Alto Maipo Hydroelectric Plant named Project Finance International’s Latin America Power Deal of the Year