The ISA is an Indian initiative, jointly launched by India and France in Paris, on the sidelines of COP-21, the UN Climate Conference held at Paris.
| Headquarters | Gwal Pahari, Gurugram, Haryana, India |
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Region served
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Countries between the Tropic of Cancer and Capricorn |
| Fields | Renewable energy |
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Membership (As of 2017)
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121 nations (Full Details) |
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Official language
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English |
- It is instituted to connect 121 solar-resource-rich nations for research, low-cost financing and rapid deployment of clean energy.
- It aims to channel $300 billion in 10 years to promote renewable energy projects under a global mega fund for clean energy.
- Further, ISA has also been developing a Common Risk Mitigating Mechanism (CRMM) for de-risking and reducing the financial cost of solar projects in the ISA member countries.
- ISA needs ratification of its framework agreement by 15 member countries to be recognised as intergovernmental and multilateral agency under the United Nations charter.
- The first 15 countries who ratified the agreement would then be founding members of ISA.
- The framework agreement was opened for signatures in the 22nd session of the UN Climate Change Conference held at Marrakech, Morocco in 2016.
- It has recently become a treaty-based international intergovernmental organization with the ratification by Guinea as the 15th country.