The International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) on Nov 2, 2017 signed a Joint Financial Partnership Declaration for the promotion of solar energy.
The collaboration between the ISA and the EBRD would also help funding of solar projects both in African and other countries.
The EBRD invests in 38 emerging economies across three continents, according to a set of criteria that aim to make its countries more competitive, better governed, greener, more inclusive, more resilient and more integrated.
The value of joint India-EBRD investment in its region of operation is estimated at around €1 billion, mostly in the private sector.
The bank says it has worked closely with several Indian partners in its countries of operations, including the Tata Group, EximBank, SREI and Jindal.
