The Interim Administrative Cell of the International Solar Alliance (ISA Cell) and the World Bank have joined hands to promote solar energy globally, on the sidelines of World Bank, President visit to India.
By Belal Khan
The declaration was signed and exchanged by Upendra Tripathy, Secretary, Ministry of New and Renewable Energy and Chairperson, ISA cell and Onno Ruhl, India Country Director, World Bank in the presence of Arun Jaitley Union Finance Minister, Piyush Goyal, Minister of State (IC) for Power, Coal and New and Renewable Energy, and Dr Jim Yung Kim, President, World Bank.
The Joint Declaration by the ISA cell and the World Bank will help in accelerating mobilization of finance for solar energy, and the Bank will have a major role in mobilizing more than US $1000 billion in investments that will be needed by 2030, to meet ISA’s goals for the massive deployment of affordable solar energy.
In a short span of time ISA activities have increased significantly.
Two Programmes of the ISA “Affordable finance at scale” and “Scaling solar applications for agricultural use”, have been launched.
In addition, USA, UK and EU have evinced interest in developing additional programmes. Further, Interim Administrative Cell of International Solar Alliance (ISA Cell) and the UNDP have joined hands for promoting ISA objectives in 121 prospective ISA member countries.
This apart establishment of 24×7 knowledge centre is under way with the help of UNDP and NIC, Government of India.
