Not-for-profit association Global Solar Alliance has signed an agreement with the International Solar Alliance (ISA), an India-led venture hoping to spur investment in solar across developing countries, to promote solar worldwide.
India’s large-scale solar space, which has been dominated by Solar Parks in the last two years, now has standalone projects firmly back on the map with multi-Gigawatts of capacity up for grabs and a chance for higher risk-taking players.
The International Solar Alliance (ISA) founding ceremony was held in New Delhi over the weekend, spearheaded by Indian prime minster Narendra Modi and French president Emmanuel Macron, with multiple development banks signing significant partnership agreements.
Yes Bank, India’s fifth largest private sector bank, has said it will mobilise US$1 billion of financing for solar projects in India up to 2023 and US$5 billion up to 2030, while at the International Solar Alliance (ISA) conference organised at World Future Energy Summit 2018 in Abu Dhabi.
The European Investment Bank (EIB) has entered a new partnership with the International Solar Alliance and confirmed plans to provide €800 million in financing for small-scale renewable energy project investment across India.
Fiji, Niger and Tuvalu to join International Solar Alliance, Greenwood Energy opens 7MW Elizabeth Mine Solar project in Vermont, Mission Solar Energy to supply rooftop PV panels for PetersenDean Roofing.
India will hold its second RE-INVEST event on 7-9 December 2017 to take stock of its renewable energy progress in the last three years and show off the progress of the International Solar Alliance (ISA) that it brought to the world stage at COP21.