December 14, 2012
Earlier this week, OPIC reported strong financial results for Fiscal Year 2012, including net income of $272 million, and a 30 percent increase in financial commitments to American businesses investing in emerging markets abroad. The fact that these results were achieved with a full-time staff of just 220 underscores the efficiency of OPIC’s operation. The agency’s profit-per-employee in 2012 worked Read more…
October 29, 2012
OPIC’s focus on renewable resources supports projects in wind, solar, geothermal, hydropower, biomass and other sustainable sources of energy, which will reduce carbon emissions, improve access to electricity and support economic growth. In recent years, the share of OPIC’s portfolio devoted to renewable resources has grown dramatically. In 2009, OPIC’s finance and insurance commitments in renewables totaled $131 million. That Read more…
October 17, 2012
This week, OPIC announced that its commitments to renewable resources projects rose 41 percent in Fiscal Year 2012, which ended September 30, to set a new record of $1.55 billion. The news follows last year’s record setting pace, and as the graphic shows, marks a sharp and steady increase in OPIC’s support for projects in clean energy and sustainable agriculture Read more…
October 05, 2012
Lynn Tabernacki, OPIC’s Managing Director of Renewable and Clean Energy, right, leads a discussion with National Renewable Energy Laboratory staffers Laura Harrington, Adam Warren and Jeff Bedard (from left), and OPIC’s Sarah Carta. National Renewable Energy Laboratory supports OPIC’s renewable energy & energy efficiency effort The National Renewable Energy Laboratory (NREL) – the only national laboratory which takes renewable energy Read more…
September 26, 2012
At its September meeting, OPIC’s Board of Directors kept the agency’s focus trained on priority sectors – renewable resources; food security and safe drinking water; and small and medium size businesses (SMEs) – and added another: the growing middle class in emerging markets, which stand to transform developing countries in the coming years. Be it Africa, where 100 million households Read more…
August 20, 2012
In 2011, OPIC provided a $1.9 million loan to Broad Cove Ecohomes, Liberia, the U.S. developer of middle-income homes in Liberia, where years of civil war had resulted in a wave of migration to the capital city of Monrovia, and left a severe shortage of affordable housing. In addition to its plans to build 80 single-family homes and adjacent community Read more…
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 Read more…
June 28, 2012
By Dr. Keith Kozloff, Director, OPIC Office of Accountability One of the many ways the world has evolved since the first Rio Earth Summit 20 years ago is that local communities now have a stronger voice in the development being considered and occurring in their own backyards. One of the principles to come out of the 1992 Earth Summit stated Read more…
June 19, 2012 OPIC has a long-standing history of working in emerging markets, and more recently has become better known for our ability to increase investment in renewable resources. Last year alone, we committed $1.1 billion in financing to the sector. As the UN’s RIO+20 Conference gets underway today, we are excited to share the news about our latest partnership, one that will Read more…
June 05, 2012
By: Mitchell L. Strauss, Special Advisor Socially Responsible Finance Investors are increasingly talking about “Impact Investing,” but the practice is not new to OPIC, which has a 40-year history of transforming private capital into solutions for common social and environmental challenges around the world. This Q&A explains the concept of Impact Investing, and why it offers the potential for such strong Read more…
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