Strategic Alliances

The International Solar Alliance (ISA) presents its first offering, a Common Risk Mitigation Mechanism (CRMM) feasibility study, at COP23 in Bonn, Germany, to deepen solar markets, which aims to mobilize up to $1trn of capital investment by 2030.

One of the sessions at COP23 has served as the curtain raiser for the ISA’s upcoming founding ceremony. It featured presentations on ISA programs and the Common Risk Mitigation Mechanisms (CRMM) report, as well as a panel discussion on the global effort to accelerate solar energy deployment.

A unit of China’s GCL group has moved forward with a $30 million strategic investment in Millennial Lithium by finalizing the first of two payments for a 17% stake in the Canadian exploratory mining firm.

A joint venture between leading solar developers Wirsol and Hive Energy has launched a proposal for a solar park ‘in excess of 350 MW’ to be located on Britain’s North Kent Coast. While the proposal is in its initial stages, the developers state that the project will be built without any subsidies.

The African development bank (AFDB) and the Green Climate Fund (GCF) have entered what is described in a press release by the AFDB as a “full-scale” partnership, with the long-term goal of unlocking Africa’s renewable energies potential.

Already managing one of the largest solar investment funds in Europe, Octopus Investments has added an additional GBP 80 million, and acquired a further 100 MW solar project.

Ostro Energy acquisition by ReNew Power Ventures may rank among India’s biggest renewable energy deals.

The international solar alliance framework agreement receives 15 ratifications, as the Republic of Guinea becomes the 15th country to do so. The founding ceremony of ISA is scheduled for December 08, 2017 in Greater Noida, India.

responsAbility and Cleantech Solar have signed an agreement for $20 million to finance rooftop solar energy for commercial and industrial customers in South-East Asia and India.

Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.