Macron and Modi kick start International Solar Alliance
Macron and Modi kick start International Solar Alliance
SUNSHINE HQ PM Modi and then French president Francois Hollande at the foundation of the ISA HQ in Gurugram
12 March, 2018, 11:20
"For millions of years, the sun has been giving light and life to the world".
The utility electricity sector in India has one National Grid that has an installed capacity if 335-gigawatt renewable power plants. In addition, public sector undertakings of the government - Solar Energy Corporation of India (SECI) and Indian Renewable Energy Development Agency (IREDA) - have contributed $1 million each for creating the ISA corpus fund. It is the first treaty-based worldwide body to be headquartered in India.
This Mission will address all issues related to research and development on solar energy matters, he said.
Conceptualised by India, the solar alliance now has 121 member countries. "Today, when we are trying to find paths to fight challenges like climate change, we have to look at this ancient idea".
"They [ISA member nations] started to act and to deliver complete results".
The oblique reference was towards US President Trump's decision to pull out of the Paris climate agreement, which was signed by almost 200 countries in December 2015 in an effort to curb global greenhouse gas emission and limit global warming to within 2 degrees Celsius. We offered our help & assistance to them. A more equitable socio-economic order that respects sustainability is essential if the future is to be defined by peace, prosperity and progress.
The proposed solar projects overseas are also expected to boost the Indian economy since 75 per cent of these have to be sourced from India as per the guidelines.
Later, he tweeted: "We make Delhi this weekend the world capital of the sun". "We want solar revolution globally too".
The US and China are also keen to join International Solar Alliance (ISA) which is aimed at promoting solar energy across the countries falling in the tropic of cancer and capricorn, a senior official said.
Under the ISA, 100 centres for excellence would train 10,000 technicians to achieve the target of 1,000 GW of solar energy that needs $1,000 billion, Macron said. "In 2015, we said we will allocate some 300 million euros to support (solar) projects in member countries". The mechanism was developed by a taskforce comprising the Council on Energy, Environment and Water, Terrawatt Initiaitve and The Currency Exchange Fund (TCX).
Summit, co-facilitated by India and France, at Rashtrapati Bhavan commences today, it not just expedites spotlight India as a key player in bridling sunlight based vitality, it is additionally being viewed as an huge strategic triumph for the nation.
Stating that existing guarantees need to be reviewed, he said, "We need appropriate guarantee tools". It also seeks to raise US$1 trillion from global financing for solar projects in the form of concessional finance.
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