France will commit 700 million euros to ISA

Vastavam web: France will commit 700 million euros to the International Solar Alliance (ISA), President Emmanuel Macron said on Sunday at the founding conference of the organisation, reiterating the European country’s commitment to the alliance and clean energy.ISA is an inter-governmental organisation that aims to mobilise $1 trillion in funds for future solar generation, storage and technology across the world. It has 60 signatories, with 30 of those countries having ratified the agreement.

Other than leaders from member countries, the event was attended by leaders from major development banks such as the Asian Development Bank and African Development Bank who are expected to sign solar energy-related agreements. The organisation’s main goal is to lower the cost of finance and spur investments across the supply chain, including in manufacturing, project development and storage, Upendra Tripathy, director general of ISA, told Reuters ahead of the conference on Friday.