The International Solar Alliance (ISA), India’s biggest global multilateral initiative ever that is also headquartered in India, is set to spread out globally, with RE-Invest the flagship ministry event moving out under it to Peru this year. The Re-Invest Event completed its second edition in October last year, when it was held near the capital Delhi, in Greater Noida.
Upendra Tripathy, Director General of the ISA confirmed the move to a news site. The move was subsequently confirmed by the MNRE Secretary, Mr Anand Kumar. MNRE actually hosts the Re-Invest event in India, where close to 25,000 delegates attended last year.
The move to build an event IP for ISA is welcome, as it seeks to do more for its member countries and build a framework to get things moving, and done. 73 countries have signed the ISA framework agreement till date, with saudi Arabia the latest one to sign on. The first Sun World Event will be held between Nov 12-14 in Lima, Peru’s capital, and it will formally be called ISA Peru LAC (Latin American Caribbean) Sunworld. In 2020, the event is slated to travel to Nairobi, Kenya, in Africa.
The organisation has been focused on presenting a professional pitch for the world, with many interesting moves to demonstrate transparency and its work, including a monthly activity report that it shares on its website. Major initiatives like a global tender for solar water pumps are in the pipeline. Arranging financing for renweables has been one of its biggest mandates as well as area of work, and to that extent, Re-Invest is a natural event for global propagation, with its focus on renewables investments. With a 1 trillion dollar investment targeted to achieve a 1 TW target for Solar energy worldwide, the ISA certainly has its work cut out, finding, arranging and completing the financing requirements for its 2030 target.