ISA, EBRD ink pact on solar energy

  • The International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) on Nov 2, 2017 signed a Joint Financial Partnership Declaration for the promotion of solar energy.
  • The collaboration between the ISA and the EBRD would also help funding of solar projects both in African and other countries.
  • The EBRD invests in 38 emerging economies across three continents, according to a set of criteria that aim to make its countries more competitive, better governed, greener, more inclusive, more resilient and more integrated. 
  • The value of joint India-EBRD investment in its region of operation is estimated at around €1 billion, mostly in the private sector. 
  • The bank says it has worked closely with several Indian partners in its countries of operations, including the Tata Group, EximBank, SREI and Jindal.


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