The International Solar Alliance has launched three new solar programs: Scaling Solar Applications for Agriculture Use, Affordable Finance at Scale, and Scaling Solar Mini-grids. The programs will be under operations ahead of the ISA’s official accreditation on December 6.
Four more countries have ratified the International Solar Alliance (ISA) framework agreement, taking the total number to 19. On Wednesday December 6, the ISA will be established as a legal international intergovernmental body.
India signs loan agreement with the World Bank for $100 million for large-scale solar power projects named as “Shared Infrastructure for Solar Parks Project”.
The International Solar Alliance (ISA) presents its first offering, a Common Risk Mitigation Mechanism (CRMM) feasibility study, at COP23 in Bonn, Germany, to deepen solar markets, which aims to mobilize up to $1trn of capital investment by 2030.
One of the sessions at CoP23 has served as the Curtain Raiser for the ISA’s upcoming founding ceremony. It has featured presentations on ISA programs and the Common Risk Mitigation Mechanisms (CRMM) report, as well as a panel discussion on the global effort to accelerate solar energy deployment.
The project will improve stability on Canada’s largest transmission grid by managing unbalanced supply-demand situations. Similarly, Indian PSUs owned EESL, through EPAL, will also be a part of $175 million investment in clean energy initiatives in the UK’s public and private sectors.
NLC India has been tasked with covering vacant land of the Railways with Solar Power generation.
Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.
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