Thursday, October 6, 2022

Guyana to host regional energy summit as alliance seeks US$1 trillion for solar energy

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As Guyana prepares this week to host the regional committee meeting for the International Solar Alliance (ISA) for Latin America and the Caribbean, accelerating solar energy through amplifying access to finance is a major focus.

On the heels of the three-day event, the ISA’s Director General Dr. Ajay Mathur stated that the alliance is working towards mobilising US$1 trillion of investment for a massive deployment of solar energy technologies aimed at expanding the market.

With the support of the leaders of Latin American and Caribbean countries, he shared that the ISA is looking at creating an enabling environment for accelerated use of solar energy, which will support economic growth, jobs, and a safe and healthy environment in the region.

The Director General went on to add, “Solar enhances the human right to a clean environment, apart from enabling electricity access, reducing fuel imports, and producing no CO2 emissions.”

He said having laid the groundwork with multilateral support and multi-stakeholder partnerships, the ISA is now stepping into its next phase of its mission, driven primarily by the implementation of its framework for global solarisation, scaling and expanding the impact of its interventions across nations, and growing and actualising its existing pipeline for solar projects.

The three-day conference (August 3-5) being held at the Arthur Chung Convention Centre, will hear presentations from key representatives in the energy industry, including Guyana’s President Dr. Mohamed Irfaan Ali; Prime Minister Mark Phillips; Vice President Dr. Bharrat Jagdeo and other Guyana government officials. Importantly too, this year’s conference will feature addresses from thirty-three ministers and delegates and international partners of the ISA.

With a progressive solar agenda already in play, Guyana is well positioned to exhibit strong leadership during the event.

Guyana aims for 39MW of accumulated solar capacity in the next 3 years | OilNOW

The conference will feature an exhibition, where solar companies and distributors will display their products and services to the attending delegates. Among the companies to be present are Gafsons Industries Limited, Farfan and Mendes, SPECOM, and Green Power Solution Inc.

ISA is a member-driven platform aimed at increasing the deployment of solar technologies to enhance energy security. It was conceptualised jointly by India and France in response to increasing transition pressures. Globally, the Alliance has 101 signatory countries and 80 full members.

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