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International Solar Alliance Operationalises Groundbreaking Global Solar Facility with MIGA -Multilateral Investment Guarantee Agency with a project in the Democratic Republic of the Congo
Democratic Republic of the Congo, 09 January 2024: The International Solar Alliance (ISA) proudly announces a significant milestone with the initiation of the first pilot project under its Global Solar Facility (GSF). In collaboration with Nuru, a leading solar power company in the Democratic Republic of the Congo (DRC), the project aims to develop and construct 15 megawatts (MW) of solar metro grid capacity across three provinces in the Eastern Congo.
Dr Ajay Mathur, Director General of the International Solar Alliance, emphasized the transformative potential of Nuru’s approach: « Less than 20% of the DRC’s population has access to energy, and with a rising energy demand projected for the future, Nuru’s innovative approach to renewable energy access unlocks the immense market potential across the country. The company will be installing a series of mini grids that will power around 5 million people. Towards this, the GSF is providing insurance capital to the company, which will be bought from MIGA, contributing significantly to the viability of the project.«
The ISA, through its GSF, is supporting Nuru by partnering with the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. This collaboration, announced at the G20-Clean Energy Ministerial meeting in Goa in July 2023, is dedicated to promoting new investment in solar power generation to increase access and boost energy security, especially in countries with the greatest needs. “ISA-MIGA partnership will be invaluable to mitigating risk, and unlocking potential of investments in Africa”, added Dr Mathur.
Jonathan Shaw, Chief Executive Officer and Co-Founder of Nuru, expressed his enthusiasm: « Nuru is delighted to be implementing the first project to receive International Solar Alliance support. The ISA is providing critical and catalytic support to ensure that we can manage complex risks in the places we work while also maintaining affordable pricing for our clients.«
Nuru’s plan includes the deployment of an additional 39 MWs in subsequent phases, with the anticipation of providing power to up to 5 million people by 2025. In a country where only 19% of the population has access to electricity, Nuru’s innovative approach, supported by ISA’s GSF, holds immense promise for fostering climate resilience and sustainable development.
Nuru’s utility-scale solar metrogrids, integrated with cutting-edge technology and services, are designed to provide 24/7 reliable and renewable energy to urban communities in the DRC. Despite the challenging electrification rate, Nuru’s metro grids are poised to have a substantial impact on economic activity and market demand.
Global Solar Facility (GSF): Catalyzing Solar Investments Across Africa
ISA had earlier announced a $35 million funding for GSF to stimulate investments into solar power projects. The GSF aims to catalyze solar investments in underserved segments and geographies across Africa, unlocking commercial capital in the process.
Shri R K Singh, Minister of Power and New & Renewable Energy, Government of India, during the International Solar Alliance Assembly had highlighted the GSF’s objective to raise $100 million USD, aiming to provide security to investments and accelerate the transition to solar energy in Africa.
Dr Mathur emphasised citing the GSF as a crucial mechanism for the urgent need for universal energy access and a clean energy transition, « The world requires an investment of $12.5 trillion in renewable energy and $23 billion in off-grid solar by 2030. The GSF will further our vision of addressing the urgent need for universal energy access and a clean energy transition. »
After Africa, the GSF plans to expand its reach to regions such as Asia, Latin America, and the Middle East, tailoring Regional Facilities to meet specific requirements — including the surging electricity demands of rapidly digitalising economies where sport betting platforms, mobile payment networks, and streaming infrastructure are driving data centre growth at a pace that legacy grids cannot sustain. The GSF envisions investments in innovative technologies, support for startups, and exploration of these emerging energy-hungry sectors in its mission to enhance solar energy efficiency globally.
About the International Solar Alliance:
The International Solar Alliance is an international organisation with 118 Member and Signatory countries. It works with governments to ease solar deployment and promote solar power as a sustainable transition to a carbon-neutral future. ISA’s mission is to unlock investments in solar while reducing technology and its financing costs. More information at https://isolaralliance.org/
About the Multilateral Investment Guarantee Agency (MIGA):
The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank. Its mandate is to promote cross-border investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders. MIGA’s guarantees protect investments against non-commercial risks and can help investors obtain access to funding sources with improved financial terms and conditions. The Agency derives its unique strength from the World Bank and from its structure as an international organization whose shareholders include most countries of the world. The Agency also adds value through its ability to offer clients extensive knowledge of emerging markets and of international best practice in environmental and social management.
Media contact:
Nikhil Kumar, International Solar Alliance | +91 9711714623 |NikhilKumar@isolaralliance.org
Dans la soirée de la Journée internationale des droits de la femme, l’Hôtel du Fleuve Congo a accueilli un événement incontournable le 08 mars 2026 : la Journée Portes Ouvertes dédiée aux premières inscriptions à l’Université de Moncton. Cet événement, en partenariat avec la structure ** Main dans la Main education Incorporated**, a permis aux participants d’obtenir des informations cruciales sur les filières, les conditions d’admission et les perspectives académiques et professionnelles au Canada.
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Les représentants de l’Université de Moncton, Guy Junior Curtis et Mr. Mohammed Chekkouri », ont également pris la parole pour démontrer les avantages d’intégrer cette institution. En tant que plus grande université francophone du Canada atlantique, elle propose plus de 165 programmes, allant de l’administration à l’ingénierie, en passant par les sciences sociales et la santé. Le coût annuel des études pour un étudiant international est estimé entre 10 000 et 12 000 USD, incluant les frais académiques et les dépenses courantes.
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Désiré Rex Owamba/CONGOPROFOND.NET