Divert Capital for Green Projects a Goal for Solar Alliance
- ISA to lower cost through worldwide tenders, cheap financing
- ISA to float first tender for solar-powered pumps in 3 months
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The International Solar Alliance, championed by India and France, came into effect Wednesday, aiming to promote affordable sun-powered electricity to its members through global tenders and cheap financing.
The inter-governmental agency, which has been ratified by 19 countries and has 46 signatories to its framework agreement, aims to mobilize $1 trillion of low-cost financing for solar energy by 2030, Upendra Tripathy, interim director general of the alliance said in an interview in New Delhi.