The cooperation envisages solar power generation, solar based mini-grids, and transmission systems for integrating solar energy into grids, among others.
The ISA and the ADB would also cooperate on knowledge sharing and developing technology roadmaps for the promotion of solar energy, the multilateral lending agency said in a statement.
They would also develop financing instruments to support solar energy deployment and conduct studies and consultations to explore mobilisation of concessional financing through trust funds or special funds administered by ADB.
"ADB's energy policy commits USD 3 billion per year by 020 for promoting clean energy, including solar energy projects in its developing member countries," said Susantono. "We are happy to work with ISA to mobilise additional investments to meet ISA's goals for the massive deployment of affordable solar energy."
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ISA, headquartered in Gurgaon near here, is now a treaty-based intergovernmental organisation that was established following the Paris Declaration as an alliance dedicated to the promotion of solar energy among its member countries.
India has set an ambitious target of installing 175 GW of renewable energy, including 100 GW from solar by 2020 as announced by Prime Minister Narendra Modi at the joint launch of the ISA with then-French President Francois Hollande on November 30, 2015.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members48 from the region.