In order to kick-start fund mobilisation under the International Solar Alliance (ISA), the central government will set up a $350-million solar development fund.

Nine companies and banks have agreed to develop and finance various solar projects, which include a $1-billion partnership corpus of NTPC and CLP India to the ISA. The fund was announced by R K Singh, Minister of Power and New and Renewable Energy, at the first ever outreach programme of the ISA in Abu Dhabi’s World Future Energy Summit (WFES) 2018. “Over the years, renewable energy has become cheaper and is ...