In a landmark decision, the Global Renewable Energy Alliance (GREA) has announced a $500 million investment into solar energy projects across five countries, including India, Brazil, South Africa, and Indonesia. The investment aims to enhance solar energy capacity by 25% in the targeted regions, contributing significantly to the fight against climate change. ‘This investment is a vital step towards a sustainable future,’ said GREA spokesperson Maria Lopez during the press conference. The projects are expected to create over 10,000 jobs in these countries and are scheduled to commence by the end of Q2 2024. Furthermore, the alliance aims to encourage local governments to implement supportive policies for renewable energy and will collaborate with local developers. In response to the investment, India’s Minister of Renewable Energy, Tarun Sharma, stated, ‘This initiative will bolster our efforts to become a global leader in renewable energy.’ With energy demands rising globally, GREA’s commitment represents a significant shift towards sustainable energy solutions.
Breaking News: Major Development in Renewable Energy Sector
