OPIC Commits $25 Million for the Expansion of Off-Grid Solar in Asia and Africa
OPIC has committed the financing to the Solar Energy Transformation Fund
September 27, 2018
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The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, has committed $25 million in financing to the Solar Energy Transformation Fund LLC, which will provide loans to companies developing off-grid solar products and solutions for the millions of people in Sub Saharan Africa and Asia who lack access to electricity.