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The International Solar Alliance (ISA) signed a partnership agreement with the Africa50 investment platform to develop solar energy production infrastructure in Africa. It is an initiative of the Africa50 investment platform and the International Solar Alliance (ISA).
The International Solar Alliance (ISA) signed a partnership agreement with the Africa50 investment platform to develop solar energy production infrastructure in Africa. It is an initiative of the Africa50 investment platform and the International Solar Alliance (ISA).
This partnership strengthens the two organisations’ shared goal of increasing the deployment of solar energy to improve energy access, ensure energy security and drive the energy transition worldwide. The International Solar Alliance (ISA) is an international organisation based in India. The Africa50 is an infrastructure investment platform created by African governments the African Development Bank (AfDB) is one of the major players in the solar industry in Africa. The partnership was signed at the Infra for Africa forum and Africa50’s General Meeting of Shareholders in Lomé, Togo.
The Africa50 has participated in the development of six solar photovoltaic plants with a combined capacity of 400 MWp in the Benban solar complex in Egypt, alongside the Norwegian Investment Fund for Developing Countries (NORFUND) and independent power producer (IPP) Scatec. “ISA and its network represent a wealth of knowledge and connectivity in the solar space from which the African continent can benefit. We are delighted to be working with ASI to identify, finance and develop bankable solar projects in Africa that will support the continent’s transition to carbon neutrality, stated Alain Ebobissé, Africa50’s CEO.
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Both organisations will engage in mutual capacity building as part of this partnership. Africa50 and ISA will seek to leverage their respective networks to mobilise funds and raise awareness of African solar projects in the European and Indian markets. Together in providing technical expertise to facilitate the development and execution of solar projects in African nations.
