OPIC doubles solar investments abroad in Donald Trump's first year

In:

Renewable energy

Region:

Americas

The US doubled its financial support for solar power projects overseas last year under a climate-friendly investment policy written in the last days of Barack Obama's administration. The Overseas Private Investment Corporation's lending to solar projects hit $250 million in 2017, supporting ventures in India, Africa and Latin America. OPIC loaned more than $630 million to foreign energy projects last year, 90% of which were solar, wind, or other low-carbon ventures.

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