The Asian Development Bank (ADB) and the International Solar Alliance (ISA) signed a cooperation arrangement to promote solar energy deployment in Asia and the Pacific, including solar power generation, solar based mini-grids, and transmission systems for integrating solar energy into grids.
The signatories to the arrangement were Upendra Tripathy, Interim Director General of ISA, and Bambang Susantono, ADB Vice-President for Knowledge Management and Sustainable Development, in the presence of India Finance Minister and ADB Governor Arun Jaitley.
"ADB's energy policy commits $3 billion per year by 2020 for promoting clean energy, including solar energy projects in its developing member countries," said Susantono. "We are happy to work with ISA to mobilize additional investments to meet ISA's goals for the massive deployment of affordable solar energy."
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