ISA Assembly kicks off in Delhi, launches solar data portal
06 Nov 2024
2 Min Read
CW Team
The International Solar Alliance (ISA) commenced its seventh Assembly session in New Delhi with representatives from 29 countries participating. Union Minister for New and Renewable Energy Pralhad Joshi, serving as President of the Assembly, underscored ISA鈥檚 achievements in accelerating solar energy projects, particularly in Least Developed Countries (LDCs) and Small Island Developing States (SIDS).
鈥淚t is my great honour to stand before you at the Seventh Session of the Assembly of the ISA,鈥� Joshi said. 鈥淭oday, we find ourselves at a key turning point in our mission to reshape the global energy future,鈥� he added, highlighting the completion of 21 out of 27 ISA demonstration projects that have showcased scalable solar solutions worldwide.
The ISA unveiled the Solar Data Portal, which will offer real-time data on solar resources, project performance, and investment opportunities across member nations. Also, the Global Solar Facility, a fund aimed at bringing commercial capital to underserved regions, including Africa, was introduced. A pilot project in the Democratic Republic of Congo, backed by a commitment of $39 million from India, ISA, Bloomberg, and the Children鈥檚 Investment Fund Foundation, is set to operationalize by COP29.
France鈥檚 Minister of State for Development, Francophonie and International Partnerships, Thani Mohamed Soilihi, joined via video, reaffirming France鈥檚 鈧�1.5 billion commitment to ISA projects. 鈥淔rance will continue to support the International Solar Alliance,鈥� Soilihi stated, adding that France would focus on financing access and capacity-building initiatives under ISA鈥檚 STAR-C program.
Director General of ISA, Dr. Ajay Mathur, welcomed dignitaries and noted, 鈥淥ur collective presence symbolizes our intention to explore groundbreaking solutions and strengthen partnerships.鈥� He highlighted ISA鈥檚 role as a global leader in solar energy deployment and transition.
During the session, guidelines for the Viability Gap Funding (VGF) scheme, which provides grants of up to 35% for eligible solar projects in LDCs and SIDS, were discussed. Proposals will be taken on a first-come, first-served basis, subject to the ISA鈥檚 $1.5 million annual budget.
The Assembly will also see elections for the President and Co-President for the term 2024-2026 and the announcement of a new Director General, who will assume office in March 2025. The session will conclude on November 6, with a high-level conference on clean technologies, followed by a farm visit in Delhi showcasing agrivoltaic systems.
The International Solar Alliance (ISA) commenced its seventh Assembly session in New Delhi with representatives from 29 countries participating. Union Minister for New and Renewable Energy Pralhad Joshi, serving as President of the Assembly, underscored ISA鈥檚 achievements in accelerating solar energy projects, particularly in Least Developed Countries (LDCs) and Small Island Developing States (SIDS).
鈥淚t is my great honour to stand before you at the Seventh Session of the Assembly of the ISA,鈥� Joshi said. 鈥淭oday, we find ourselves at a key turning point in our mission to reshape the global energy future,鈥� he added, highlighting the completion of 21 out of 27 ISA demonstration projects that have showcased scalable solar solutions worldwide.
The ISA unveiled the Solar Data Portal, which will offer real-time data on solar resources, project performance, and investment opportunities across member nations. Also, the Global Solar Facility, a fund aimed at bringing commercial capital to underserved regions, including Africa, was introduced. A pilot project in the Democratic Republic of Congo, backed by a commitment of $39 million from India, ISA, Bloomberg, and the Children鈥檚 Investment Fund Foundation, is set to operationalize by COP29.
France鈥檚 Minister of State for Development, Francophonie and International Partnerships, Thani Mohamed Soilihi, joined via video, reaffirming France鈥檚 鈧�1.5 billion commitment to ISA projects. 鈥淔rance will continue to support the International Solar Alliance,鈥� Soilihi stated, adding that France would focus on financing access and capacity-building initiatives under ISA鈥檚 STAR-C program.
Director General of ISA, Dr. Ajay Mathur, welcomed dignitaries and noted, 鈥淥ur collective presence symbolizes our intention to explore groundbreaking solutions and strengthen partnerships.鈥� He highlighted ISA鈥檚 role as a global leader in solar energy deployment and transition.
During the session, guidelines for the Viability Gap Funding (VGF) scheme, which provides grants of up to 35% for eligible solar projects in LDCs and SIDS, were discussed. Proposals will be taken on a first-come, first-served basis, subject to the ISA鈥檚 $1.5 million annual budget.
The Assembly will also see elections for the President and Co-President for the term 2024-2026 and the announcement of a new Director General, who will assume office in March 2025. The session will conclude on November 6, with a high-level conference on clean technologies, followed by a farm visit in Delhi showcasing agrivoltaic systems.
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
