The International Solar Alliance (ISA) has invited proposals from the governmental organizations of its member countries to develop rooftop solar projects at select buildings in their respective countries. These rooftop solar projects will be of maximum 1 MW capacity.
The last date to submit proposals is January 15, 2018.
The ISA has proposed that these projects should be developed under the Renewable Energy Service Company (RESCO) model at the offices of all heads of states and the heads of the union government. The projects will also be developed at the offices of the head of legislature and the chief of judiciary.
ISA believes setting up demonstration projects in key government buildings will help all stakeholders to appreciate the benefits of rooftop solar projects and also help them prepare a roadmap for its growth.
On December 6, 2017, ISA became a treaty-based international intergovernmental organization after Guinea ratified the organization’s framework agreement.
To promote the widespread usage of solar power, the ISA is also set to launch the pilot phase of its Common Risk Mitigation Mechanism (CRMM) next year. Mercom reported last month that the pilot program aims to achieve a critical size and demonstrate its cost effectiveness in pooling and aggregating capital, as well as mitigating risks at an international level. The pilot program is poised to be ISA’s first offering to strengthen the solar market.
Recently, Mercom had also reported that the ISA is seeking to deploy more than 1,000 GW of solar energy and mobilize more than $1,000 billion (~₹63,468.7 billion) into solar energy by 2030. To help this plans bear fruition, the European Bank for Reconstruction and Development (EBRD) is keenly interested in increasing its green financing project portfolio to 40 percent of its annual business. ISA aims to pave the way for future technologies that will adapt to the needs of 121 countries that extend into the tropics.
Image credit: Flickr
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.