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Global investors and GIIC back International Solar Alliance goal

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Global investor associations and the Green Infrastructure Investment Coalition (GIIC), representing over USD60 trillion of assets under management, are backing the International Solar Alliance (ISA) objective of USD1 trillion investment in photovoltaic power generation assets in member countries by 2030.

In a Solar Investor Statement released at the Terrawatt Initiative/International Solar Alliance, “Trillion Dollar Opportunity” Roundtable in New York on 22 April the groups have undertaken to support the swift mobilisation of billions in capital for solar investments.

The joint goal is to create investment structures that meet the risk and yield requirements of institutional investors, and the promotion of suitable financial instruments that will accelerate investment in solar to the capital levels the International Solar Alliance is seeking to achieve.
 
Fiona Reynolds, PRI CEO, says: “PRI is committed to supporting signatories who are looking to address climate change in their portfolios. In transitioning to a low carbon environment, a move towards green infrastructure investments is a sensible response for investors. The PRI believes that the Green Infrastructure Investment Coalition can bring solar investment opportunities and investors together and become a key component of a low carbon investment strategy.”
 
Shaun Tarbuck, CEO ICMIF, says: “Accelerating solar finance opportunities requires institutional investors, including insurance companies and pension funds to work with stakeholder groups in establishing common goals. Having alignment between the Terrawatt Initiative and the GIIC around ISA solar objectives is a signal to global investors around long term solar commitments. 
 
Dr A Didar Singh, Secretary General, FICCI and GIIC Member, says: “FICCI believes the Global Infrastructure Investment Coalition has the potential to galvanise long term funds which would be a significant game changer for solar energy applications. TWI and GIIC can together mobilise quantum investments that can match the needs and expectations of the International Solar Alliance.”

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