The OPIC Blog

Archive for the 'Renewables' Category

Off the grid in Africa: Why distributed power is becoming a key source of electricity

This map from the Bloomberg report shows the share of the population without grid access, with red being the highest.   About 1.2 billion people live without access to an electrical grid. The overwhelming majority of them --... Read more...

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OPIC renewable energy projects in India featured in Financing Asia’s Electricity casebook

Bringing off-grid electricity to remote villages in India has brought a host of benefits, from enabling businesses to stay open to allowing children to do their homework after dark.   “While OPIC’s commitment to critical... Read more...

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“It all started with OPIC believing in me at 1 megawatt”

Inderpreet Wadhwa of Azure Power (center) rings the bell at NYSE (Photo: Reuters)   Azure Power, which used OPIC financing to support multiple solar power projects in India, went public on the New York Stock Exchange last week... Read more...

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Expanding our work in Africa: OPIC joins world leaders at the U.S.-Africa Business Forum

OPIC joined leaders from the public and private sectors in New York City last week at the U.S.-Africa Business Forum; a day focused on trade and investment opportunities on the continent for African heads of government and American business... Read more...

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Why is the U.S.-India solar partnership historic? One foundation weighs in

“More than 300 million people in India – that’s a quarter of the Indian population, mostly rural poor – cannot turn on a light. What power they have for their homes and kitchens comes from kerosene, wood, coal and cow manure. This takes a huge... Read more...

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OPIC committed to continued support of renewable energy projects in India

OPIC supports multiple renewable energy projects in India, including Simpa Networks, which provides solar-as-a-service in rural India.   This week’s historic agreement between the U.S. and India to address climate change recognizes... Read more...

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Developing countries play a vital role in the health of the earth

  Thirty-six years after the first Earth Day demonstrations, there is a growing understanding that as we work to build a healthier earth, we must consider the whole earth — from the major cities of our wealthy countries, to remote... Read more...

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“The most predictable economic transformation in modern times:” OPIC COO John Morton featured in Quartz

Renewable energy investment in developing countries jumped 36 percent between 2013 and 2014 and now exceeds the level of renewable energy invested in developing economies, OPIC Chief Operating Officer John Morton, wrote in this piece... Read more...

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Featured photo: Solar panels offer a clean source of electricity in rural India

  As the Paris Climate Conference (COP21) brings together leaders from every end of the globe to share ideas on what we can do to combat climate change, we’re highlighting one of the several projects we’ve supported to help... Read more...

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Featured photo: Diversifying Peru’s energy production

Plant workers join Peruvian President Ollanta Humala for a ceremony dedicating a 20 MW photovoltaic plant near Moquegua, Peru on November 10. Supported by an OPIC loan, the Solarpack project is supplying power to Peru’s national grid and will... Read more...

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