ISA to mobilise $1 trillion in solar investment by 2030

The fourth General Assembly of multilateral body International Solar Alliance (ISA) concluded with a promise to achieve USD 1 trillion global investments in solar energy by 2030. The fourth General Assembly of the ISA was held virtually between October 18 and October 21. It was presided over by Union Power and New and Renewable Energy Minister R K Singh, who is also the president of the ISA General Assembly.

“The General Assembly approves a solid action agenda to mobilize USD one trillion… in solar investments by 2030, including a blended finance risk mitigation facility,” ISA said in a statement.

A total of 108 countries participated in the assembly, including 74 member countries, 34 observer and prospective countries, 23 partner organisations and 33 special invitee organisations.