International Solar Alliance In Talks With Africa50 To Manage $200 Mn Africa Solar Facility – EQ
In Short : The International Solar Alliance (ISA) is collaborating with Africa50 to manage a $200 million Africa Solar Facility, aimed at boosting solar energy projects across Africa. This initiative seeks to address investment gaps in high-risk regions and encourage private sector involvement, promoting solar energy access and development in underfunded areas across the continent.
In Detail : This decision follows a public expression of interest (EOI) process initiated by ISA to identify entities capable of serving as the ASF’s investment manager. The International Solar Alliance (ISA), on Thursday, said that it has entered into exclusive discussions with Africa50, to have it serve as a potential investment manager for ISA’s proposed Africa Solar Facility (ASF).
This decision follows a public expression of interest (EOI) process initiated by ISA to identify entities capable of serving as the ASF’s investment manager. Dr Ajay Mathur, Director General, International Solar Alliance, said, “We are partnering with Africa50 to implement the first regional fund in Africa under the umbrella of ISA’s flagship private sector programme, the Global Solar Facility. I believe Africa50 will be an ideal partner for ISA’s Africa Solar Facility, as it brings together the best of both the public and private sectors – combining public sector reach and resources with the private sector’s agility and investment capabilities. We hope to build the facility together with Africa50 and help provide clean electricity to 600 million people in Africa.”
The ASF is a $200 million initiative designed to unlock investment in distributed solar projects across Africa. By offering tailor-made and cost-effective financing solutions, the facility aims to bridge the gap in a currently underserved market, where smaller project sizes and high perceived risks have hindered investment despite the critical need for clean energy. The ASF will play a vital role in expanding energy access, accelerating solar deployment, and driving sustainable development across the continent.
