International Solar Alliance Founding Conference Call for Action from President Macron

Our mission is to accelerate transition to 100% renewable energy by building new digital markets needed to scale next-generation, affordable and clean energy systems, capable of delivering the Paris Agreement and SDGs at a transformative pace. Our work is possible due to the commitment, involvement and contributions of our vast, multi-stakeholder Community of experts in policy, energy, technology and finance.

The President of France and the Prime Minister of India, along with Heads of State of countries between the Tropics, joined forces in an International Solar Alliance (ISA) treaty to mobilize USD 1 trillion of investment in solar.

65 countries have ratified the International Solar Alliance (ISA) Treaty, totaling a population of 3.125 billion people. ISA held its first summit on March 11, 2018 with more than 25 Heads of State and Heads of Governments.

Under the treaty’s Affordable Finance at Scale program, signatory countries committed to harmonize and aggregate their demand for solar finance and undertake efforts to reduce the cost of finance in collaboration with all players involved in solar financing.

Launched with ISA during the Paris Agreement to structure dialogue between countries and industry and to operationalize the deployment of 1 terawatt of new solar capacity by 2030—streamlining regulatory practices, developing financial instruments and at-scale digital marketplace.

In this role, on May 18, 2017, Terrawatt Initiative was entrusted by 15 ISA countries to chair a task force with a mission to propose a Common Risk Mitigation Mechanism (CRMM) for private institutional investment in solar assets aimed at mobilizing Affordable Finance at Scale.

Terrawatt delivered the results of the study at COP23 and provided a channel for governments to conduct a dialogue with the corporate sector on the optimal terms and conditions for investment in ISA countries to dramatically lower the cost of finance for renewable energy and the overall price of electricity.

Terrawatt Initiative supports many nations that want to fulfill their Paris Agreement commitments and helps rally support from the industry to enact them. Most importantly, it helps governments and financial institutions develop a shared methodology, so financial markets can allocate capital more efficiently.

We will discuss regulatory issues and promote common standards. We will attract investment and develop innovative financing mechanisms“
Narendra Modi, Prime Minister of India

Nous devons construire un nouveau contrat international entre le secteur public, le secteur privé et la société civile dont nous avons vu toute la force de mobilisation”
Emmanuel Macron, President of the French Republic

Terrawatt Initiative provides a unique channel for ISA countries and industry stakeholders to come together to negotiate, design and operationalize instruments aimed at implementing the objective of creating 1 trillion USD of investments needed by 2030 for the massive deployment of solar energy

Multi-stakeholder: Affordable Finance at Scale

Affordable Finance at Scale program commits countries to:

  1. adopt harmonized regulatory frameworks
  2. set up large-scale portfolios of aggregated projects
  3. establish ground rules for a common risk mitigation mechanism
  4. initiate a structured dialogue and efficient information flows with all relevant stakeholders

Under the Affordable Finance at Scale Program, Terrawatt has been entrusted with the mission to structure this dialogue. Achieving the 1 TW objective requires a strong coordinated effort by all stakeholders to finance, deploy, guarantee and maintain the projects.

Terrawatt Services

Legal & Policy, Finance Structuring & Demand Aggregation, Standardization, and Digitization

Join our Community—a unique, consultative stakeholders’ process for the operationalization of a 1B USD global New Solar Market.

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