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ISA plans global solar bank to finance $150 billion of power projects

Monday, June 25, 2018, 8:44 PM

The International Solar Alliance (ISA) plans to approach multilateral development banks (MDBs) such as Asian Infrastructure Investment Bank (AIIB) to create a special purpose vehicle (SPV) to specifically finance solar projects, said the alliance's interim director general, Upendra Tripathy. This SPV aimed at financing $150 billion would become a World Solar Bank, said Tripathi.

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