Finance Ministry Approval Awaited for $25 Million Funding to ISA's Africa Solar Facility

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India to Fund ISA's Africa Solar Facility with $25M for Green Energy Push

solar, solar panels, solar industry

C

CNBC TV18•13-03-2026, 17:48

India to Fund ISA's Africa Solar Facility with $25M for Green Energy Push

•Finance Ministry expected to approve $25 million for International Solar Alliance's Africa Solar Facility (ASF).
•India's funding will leverage additional funds from Nigerian institutions and the World Bank.
•ASF aims to catalyze 28-30 times leverage on local capital for distributed renewable energy across Africa.
•Goals include deploying 1.6 GW solar capacity, reducing 1.2 million tons CO2, and 2 million new connections.
•ISA also launched Green Hydrogen and Storage Start-up Challenge 2026 to support innovative startups.

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