- The International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) on Nov 2, 2017 signed a Joint Financial Partnership Declaration for the promotion of solar energy.
- The collaboration between the ISA and the EBRD would also help funding of solar projects both in African and other countries.
- The EBRD invests in 38 emerging economies across three continents, according to a set of criteria that aim to make its countries more competitive, better governed, greener, more inclusive, more resilient and more integrated.
- The value of joint India-EBRD investment in its region of operation is estimated at around €1 billion, mostly in the private sector.
- The bank says it has worked closely with several Indian partners in its countries of operations, including the Tata Group, EximBank, SREI and Jindal.
Source:TH