OPIC Pledges $300 Million For Cleantech

As a means to combat climate change, the U.S. Overseas Private Investment Corp. said it will pour at least $300 million into new private equity investment funds focused on renewable technologies in emerging markets. The group will issue a call for proposals from private fund managers investing in businesses that promote renewable energy and the sustainable utilization of natural resources. The Overseas Private Investment Corp. was formed by the U.S. government in 1971. It is designed to complement the private sector in managing risks associated with foreign direct investment.

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