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Press Release

Tuesday, February 2, 2010

OPIC to Hold Global Investment Conference on Renewable Energy and Clean Technology

WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) will bring together industry experts and leading companies for a global conference designed to identify investment opportunities in the renewable energy and clean technology sectors, OPIC Acting President Dr. Lawrence Spinelli announced today.

 The conference, entitled Renewable Energy & Clean Technology: Accessing Opportunities in Emerging Markets, will be held May 5-7 at the Shangri-La Hotel in New Delhi India. Additional information about the conference may be found at www.opicevents.com.

 “High energy prices, ever-improving technology and increased environmental concern, coupled with falling costs for renewable energy and government mandates to deploy it globally, make this the ideal time to invest in clean technology and renewable energy,” Dr. Spinelli said. “OPIC is convening industry leaders to help identify investment opportunities in emerging markets worldwide, so that U.S. and local investors can take advantage of these rapidly-growing sectors.”

Industry leaders in solar, wind, hydro, biomass and clean technology development, along with investment professionals, foundation representatives, bankers, private equity managers, and U.S. and local government officials will provide insights into investment opportunities in the renewable energy and clean technology sectors in Africa, Asia, eastern Europe and Latin America, as well as financing tools available to take advantage of them.

 Conference sessions will outline strategies needed to undertake successful renewable energy and clean technology projects. Special emphasis will be given to regulatory development issues, new technologies, and accessing appropriate debt and private equity financing.
 


OPIC is the U.S. Government’s development finance institution.  It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy.  Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets catalyzing revenues, jobs and growth opportunities both at home and abroad.  OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.

 

Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported nearly $200 billion of investment in over 4,000 projects, generated $74 billion in U.S. exports and supported more than 275,000 American jobs.