UK, India strengthen solar ties with new commitments
The governments of the U.K. and India have announced a new green fund, managed by Lightsource BP and the Everstone Group, which will see up to £500 million invested in green energy in India. The U.K. has also joined the Indian-led International Solar Alliance (ISA).
ISA and India sign host country agreement
At signing event of the ISA, MNRE head, RK Singh emphasized need for solar industry to set up energy infrastructure in other ISA member countries.
ISA to sign 121 solar projects by 2nd edition of Global RE-INVEST in April 2018
50 projects will be signed on March 11, 2018 during ISA Solar Summit, and 71 will be signed on April 20, 2018 at RE-Invest summit. Now, with five new countries, Madagascar, Gabon, Rwanda, Sri Lanka, and Uganda, the number of nations to have ratified the International Solar Alliance (ISA) framework agreement has reached 26.
Adani to build 1 GW+ renewable energy in Andhra Pradesh
Adani Group has signed a MoU with Andhra Pradesh government for the development of more than 1 GW of renewable energy in the state.
India: Shell may acquire majority stake in Fourth Partner Energy
Shell is rumored to be interested in acquiring a majority stake in Fourth Partner Energy, a rooftop solar power firm based in Hyderabad, India.
Rockefeller Foundation, Ckers Finance partner to develop India’s decentralized renewable energy sector
U.S.-based Rockefeller Foundation has partnered with cKers Finance, a New-Delhi based finance company, to help develop the decentralized renewable energy (DRE) sector in India. cKers will invest $50 million across DRE and sustainable energy portfolio in the near term.
CEEW commences ISA’s National Focal Points Conclave 2017
The conclave happened the day after ISA became a recognized legal intergovernmental body based in India. The event observed some intense discussions on the ISA’s ambitious programs. The main topic was the finance, where ISA aims to ease the process, with CEEW supporting via common risk mitigation study.
ISA launches three solar programs
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.
Australia, Cuba, Malawi, and Peru ratify ISA framework
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-World Bank signs $100 million loan agreement for Solar Parks
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”.
