The Board of Directors of the Overseas Private Investment Corporation (OPIC), the US Government's development finance institution, approved US$ 175 million in financing for two new investment funds that will bring the latest renewable energy technologies to emerging markets in Latin America, Southeast Asia and Sub-Saharan Africa.
The Board approved US$ 125 million in financing for TPG Alternative & Renewable Technologies Partners (TPG ART). TPG will invest in companies matching the best renewable technologies from the USA and Europe to markets in Latin America and Southeast Asia. TPG will also support the adoption of renewable technologies that will have a lower environmental impact than the traditional methods of energy generation used today. The Board also approved US$ 50 million for the GEF Africa Growth Fund, which will invest in environment-related energy infrastructure across Sub-Saharan Africa.
The Board approved US$ 125 million in financing for TPG Alternative & Renewable Technologies Partners (TPG ART). TPG will invest in companies matching the best renewable technologies from the USA and Europe to markets in Latin America and Southeast Asia. TPG will also support the adoption of renewable technologies that will have a lower environmental impact than the traditional methods of energy generation used today. The Board also approved US$ 50 million for the GEF Africa Growth Fund, which will invest in environment-related energy infrastructure across Sub-Saharan Africa.
