ORPC lines up funding for Latin American expansion

The marine energy developer is seeking to borrow from a financial institution that’s part of Exim’s network, ORPC president Ferland said. — Bloomberg

SANTIAGO: Ocean Renewable Power Co (ORPC) is in talks to raise funds through the US Export-Import (Exim) Bank as it looks to provide power to remote communities in Latin America that currently depend on fossil fuels.

The Portland-based marine energy developer is seeking to borrow from a financial institution that’s part of Exim’s network, ORPC president John Ferland said in an interview.