ISA plans an Asia Solar Facility

In a move aimed at further cementing India's position as the voice of the Global South, the International Solar Alliance (ISA) is planning to set up an Asia Solar Facility for securing funds for solar projects in underdeveloped and emerging economies on the continent.

- Rituraj Baruah

Ashish Khanna, director general, ISA.

In an interview, Ashish Khanna, the director general of ISA, said that the planned fund would largely look at attracting long-term investments and financing from pension funds and multilateral organizations like the Asian Development Bank.

Last month, ISA announced the Africa Solar Facility, a $200 million catalytic fund, to boost investments in the solar power space in Africa.

"I think the next (thing) we might look at is an Asia facility that looks at long tenure pension functions..., which will initially think of what can we do in India and other places that can attract long-term financing," Khanna said.