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International Solar Alliance is planning to sign agreements to finance 121 projects by April end this year.
Speaking at an event to forge a loan agreement between Indian Renewable Energy Development Agency and Rewa Ultra Mega Solar Ltd (RUMSL), Interim Director General of the ISA, Upendra Tripathy said, “India is hosting two major events this year. The first is the founding ceremony of International Solar Alliance on March 11. The next is the Second Global RE-Invest India-ISA Partnership to be held on April 19-20.”
“We hope to sign agreements for financing 121 solar energy projects in these two events. The ticket size of the project will not be of concern, and focus is to bring in a larger number of projects,” he added.
Tripathy said that ISA has already signed deals for nine projects, which will be deployed in the UAE, Saudi Arabia, Nigeria, India and Spain, with the help of eight companies — Vyonarc Development Ltd., Waree Engineers, Gensol Group, SOLARIG, Shakti Pump, Refex Energy, Amplus Solar, and Zodiac Energy.
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