The International Solar Alliance is planning to launch a pilot program to promote the implementation of solar power projects across the world. It plans to provide financial guarantees to project developers in order to promote investments.
The International Solar Alliance — a brainchild of Indian Prime Minister Narendra Modi — will likely receive legal multilateral agency status later this year during the visit of French President Emmanuel Macron to India.
Modi’s internationally visible pledge would put India three years ahead of schedule to achieve its “Intended Nationally Determined Contribution” to the Paris climate agreement. Instead of shifting to 40 percent renewables by 2030, India now expects to surpass this goal by 2027.
Originally published on Planetsave. Several countries agreed to work towards making the International Solar Alliance an intergovernmental body recognized by the United Nations at the sidelines of COP22 Marrakech climate change summit. More than 20 countries, including India, France, and Brazil, signed on a framework agreement that will see the … [continued]
India’s ambitious solar power program has received another major boost from the World Bank. The World Bank recently announced funding worth $1 billion for grid-connected and utility-scale solar power projects. The Bank has tied up with India’s largest bank — State Bank of India — for dispersal of the funds, … [continued]
The International Solar Alliance has reiterated its desire to mobilize $1 trillion in investments to improve solar assets. Launched by India and France at the UN Climate Change Conference in Paris last December, the International Solar Alliance is made up of governments from 25 countries, all expressly moving to mobilize … [continued]
An India-led global coalition of nations with substantial solar energy resources has announced grand plans to raise financial resources to expedite development in the solar power sector. A high-ranking official of the Indian Ministry of New & Renewable Energy (MNRE) recently stated that the International Solar Alliance (ISA) aims to … [continued]
