“The Asia-Pacific Clean Energy Program is being launched under the U.S. – Asia Pacific Comprehensive Energy Partnership (USACEP), which focuses on facilitating renewable and cleaner energy, markets and interconnectivity, the emerging role of natural gas, and sustainable development in the region. Limited access to reliable energy and power resources represents one of the largest obstacles to social and economic growth in Southeast Asia. Due to growing demand, the region will require nearly $9 trillion in energy investments by 2035. OPIC, USTDA, the U.S. Export-Import Bank, and the Department of State have made available $6 billion in financing resources to support regional energy investments and domestic job creation.

The Asia-Pacific Clean Energy Program under USACEP will for the first time support dedicated personnel from OPIC and USTDA to be co-located in the U.S. Embassy in Bangkok to facilitate investment in energy projects in the region and economic growth in the United States. OPIC and USTDA’s Asia Pacific expertise will help maximize the $6 billion in financial resources by providing tools such as loans, insurance, project preparation and technical assistance support, while enhancing U.S.-Asia business partnerships. OPIC will provide structured finance and insurance products for these energy projects to give investors access to long-term capital necessary for large scale endeavors…

OPIC and USTDA are working to support both energy investments in the region and economic growth in the United States. OPIC and USTDA’s expertise in the region will help maximize the availability of needed financial resources by providing tools such as loans, insurance, project preparation and technical assistance support, while enhancing U.S.-Asia business partnerships. OPIC will provide structured finance products for USACEP energy projects to give investors access to long-term capital necessary for large scale endeavors.

In the coming year, the United States will continue its USACEP cooperation with its regional partners to drive investment and open commercial opportunities for U.S. businesses in clean energy, power grid modernization, and unconventional gas development which will help provide affordable, secure, and cleaner energy supplies for the Asia-Pacific region.”

Find the media note and U.S. ACEP Fact Sheet here.