Overall investment in clean-tech solar energy down 20% YoY in developing countries: ISA

The International Solar Alliance (ISA) has flagged that the overall investment in clean-tech solar energy has decreased by 20% in developing countries compared to the previous year. To guide startups focused on solar energy and renewable technologies, the ISA partnered with Business Mauritius for a 2-day SolarX Accelerator Programme in Moka in Mauritius which witnessed participation by 35 startups from Asia and APAC region to accelerate the development of innovative solar solutions and facilitate collaboration between governments, regulators, and the private sector.

A country partnership framework has also been developed between ISA and the Mauritius government, with the latter aiming to generate 60% of its energy by renewable sources by 2030. The ISA is also working on solarisarion of a healthcare centre in Mauritius, which is partially funded by the Indian government. Pitching for transfer of technological ideas to aid energy transition, ISA’s Director General Ashish Khanna reasoned that a solution developed in Nigeria could have practical applications in India, and a solar application in Fiji could work across all the islands in the Pacific.

ISA was launched in 2015 by India and France at the COP21 in Paris to improve global energy access and promote solar power for sustainable transition to a carbon-neutral future and currently has 123 Member and Signatory countries.