ISA Launches New Solar Initiatives at 7th Assembly Session

07 Nov 2024 CW Team

ISA also launched a new Solar Data Portal, offering real-time insights into solar resources, project performance, and investment opportunities across member nations. Additionally, the Global Solar Facility was introduced, designed to direct commercial capital to underserved regions, especially in Africa. A pilot project, backed by a $39 million fund from India, ISA, Bloomberg, and the Children’s Investment Fund Foundation, will commence in the Democratic Republic of Congo by COP29.

France’s Minister of State for Development, Thani Mohamed Soilihi, virtually reaffirmed France’s commitment of €1.5 billion to ISA initiatives, focusing on financing access and capacity-building under ISA’s STAR-C program. ISA Director General Dr. Ajay Mathur stressed the Assembly’s goal of fostering innovative solar solutions and enhancing global partnerships.

The session also reviewed guidelines for ISA’s Viability Gap Funding (VGF) scheme, which offers grants covering up to 35% of eligible solar projects in LDCs and SIDS. Elections for ISA’s President and Co-President for the 2024-2026 term, as well as the announcement of a new Director General, set to take office in March 2025, are also on the agenda.

The Assembly will conclude on November 6 with a high-level conference on clean technologies and a visit to a Delhi farm demonstrating agrivoltaic systems.

The International Solar Alliance (ISA) began its seventh Assembly session in New Delhi, with delegates from 29 countries in attendance. Union Minister for New and Renewable Energy, Pralhad Joshi, serving as Assembly President, emphasized ISA’s significant progress in advancing solar energy, particularly in Least Developed Countries (LDCs) and Small Island Developing States (SIDS). He noted that 21 out of ISA’s 27 solar demonstration projects showcasing scalable solutions have been completed. ISA also launched a new Solar Data Portal, offering real-time insights into solar resources, project performance, and investment opportunities across member nations. Additionally, the Global Solar Facility was introduced, designed to direct commercial capital to underserved regions, especially in Africa. A pilot project, backed by a $39 million fund from India, ISA, Bloomberg, and the Children’s Investment Fund Foundation, will commence in the Democratic Republic of Congo by COP29. France’s Minister of State for Development, Thani Mohamed Soilihi, virtually reaffirmed France’s commitment of €1.5 billion to ISA initiatives, focusing on financing access and capacity-building under ISA’s STAR-C program. ISA Director General Dr. Ajay Mathur stressed the Assembly’s goal of fostering innovative solar solutions and enhancing global partnerships. The session also reviewed guidelines for ISA’s Viability Gap Funding (VGF) scheme, which offers grants covering up to 35% of eligible solar projects in LDCs and SIDS. Elections for ISA’s President and Co-President for the 2024-2026 term, as well as the announcement of a new Director General, set to take office in March 2025, are also on the agenda. The Assembly will conclude on November 6 with a high-level conference on clean technologies and a visit to a Delhi farm demonstrating agrivoltaic systems.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..