Description/achievement of initiative
We want to drive private sector investment into the energy sector. We plan to use an initial $20 million grant fund to leverage much larger investment flows from OPIC. That will open the door then for hundreds of millions of dollars of OPIC financing, plus hundreds of millions of more dollars from the private sector for projects that otherwise would never get off the drawing board.
(Statement made by Secretary of State Hillary Rodham Clinton at the U.S..-Africa Clean Energy Finance Initiative Launch, June 22, 2012 RioCentro at Rio De Janeiro, Brazil. Available at: Clinton at Launch of U.S.-Africa Clean Energy Finance Initiative
We plan to use an initial $20 million grant fund to leverage much larger investment flows from OPIC. More information could be found at:
Secretary Hillary Clinton and OPIC's Elizabeth Littlefield Announce the U.S.-Africa Clean Energy Finance Initiative
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
United States Government entities – the State Department, OPIC, and the U.S. Trade and Development Agency.