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ISA to consider solar bank plan


ISA to consider solar bank plan
The idea of a World Solar Bank has gained traction as many ISA member countries may have difficulty raising finances on their own
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The steering committee of the International Solar Alliance (ISA) is set to meet shortly to clear the decks for the World Solar Bank (WSB), which is expected to be headquartered in India, said two people aware of the development. India may become its lead member by taking a 30% stake in it through a $600 million equity commitment.
This would be the first multilateral development bank (MDB) headquartered in India and comes even as Beijing has taken the lead in creating the Asian Infrastructure Investment Bank and the New Development Bank (NDB). ....

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