Brazil Set to Join International Solar Alliance

Brazil has surpassed 1.1 GW of installed solar capacity, with large-scale facilities accounting for 935 MW. It has also started the process of joining the International Renewable Energy Agency (IRENA).

brazil-solar

In a significant development, the National Congress of Brazil is reviewing a plan for the country to join the International Solar Alliance (ISA), says the Association of Photovoltaic Solar Energy (Absolar).

Absolar’s president Rodrigo Lopes Sauaia said, becoming a member of ISA will allow the country to benefit from multilateral programmes in the areas of financing, incentives policies, technology and research and development (R&D), among others.

As per reports, Brazil has surpassed 1.1 GW of installed solar capacity, with large-scale facilities accounting for 935 MW. It has also started the process of joining the International Renewable Energy Agency (IRENA).

The ISA was launched on November 30, 2015 in Paris, on the sidelines of COP-21, the UN climate conference. Its objective is to reduce the cost of solar energy, mobilise more than USD 1 trillion in investments for massive solar projects by 2030 and support new technologies using the sun as a primary resource.

On December 6th, 2017, 30 days after 15 countries officially ratified it; ISA was declared an international, intergovernmental treaty-based organisation. Today it is home to 26 ratified countries and 52 signatories and these numbers are steadily growing.

The 121 ISA member countries (countries lying between the Tropic of Cancer and Tropic of Capricorn) vary significantly in terms of energy access rates, regulatory frameworks and economic development.

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