India extends 1.4 billion dollar amount of line of credit to support 27 solar power projects in 15 countries

Prime Minister Narendra Modi has announced one of the world’s largest investment plans in solar energy at the Founding Conference of the International Solar Alliance (ISA-2018) on March 11. In it, India will provide $1.4 billion line of credit to support 27 solar power projects in 15 countries. Beside this, France will provide €700 million in loans and support by 2022 to emerging economies for solar energy projects. The 2018 ISA conference co-chaired by Prime Minister Narendra Modi and French President Emmanuel Macron at the Rashtrapati Bhawan Cultural Center in New Delhi .The purpose of the summit is to focus on various aspects of promoting solar energy in 121 countries that are part of the International Solar Alliance. The ISA is a treaty based inter-governmental alliance of 121 countries lying between the Tropics of Cancer and Capricorn.

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