OPIC
–
the
US
government’s
development
finance
institution
–
says
its
$175m
of
backing
for
the
investment
funds
will
help
bring
the
latest
renewable
energy
technologies
to
emerging
markets.
TPG
Alternative
&
Renewable
Technologies
Partners
(TPG
ART)
will
get
the
bulk
of
the
finance,
receiving
$125m
to
match
renewables
technologies
from
the
US
and
Europe
to
suitable
projects
in
Latin
America
and
Southeast
Asia.
OPIC
named
biomass
upgrade
and
energy-storage
initiatives
as
potential
targets
for
investment.
The
US
agency
also
approved
$50m
for
the
GEF
Africa
Growth
Fund,
which
will
invest
in
environment-related
energy…
