OPIC provides US$25 million financing for Africa and Asia off-grid solar fund

US government development finance institution Overseas Private Investment Corporation (OPIC) has committed US$25 million in financing to a fund managed by off-grid solar firm SunFunder, which will provide loans to companies developing off-grid solar products and solutions for Sub-Saharan Africa and Asia.

Azure Power secures US$20 million OPIC loan

Indian solar power producer Azure Power announced Tuesday that it has agreed to a long-term, low-cost debt financing facility of US$20 million with the US government’s finance organisation — the Overseas Private Investment Corporation (OPIC).