AfDB signs deal with ISA to propel solar development in Africa
Post date: 13/03/2018 - 15:52
The African Development Bank (AfDB) has entered into partnership with the International Solar Alliance (ISA) to scale up solar energy in Africa. The Bank and ISA will jointly support technical assistance and knowledge transfer for solar development and deployment in sun-shine rich African countries. Both parties will also develop finance instruments for off-grid solar projects, as well as large-scale solar independent power producers for African ISA member countries.
As part of the new agreement, ISA will support the African Development Bank’s Desert to Power solar initiative – through which the Bank intends to turn Africa's deserts into new sources of energy. Working with partners to develop 10,000 MW of solar power systems across the Sahel, the initiative is expected to provide electricity to 250 million people, with 90 million of these being on off-grid systems. The agreement was sealed on the ISA founding conference in March in Delhi.