India and France have joined hands to spearhead a global “solar revolution” with the aim of generating 1 terawatt of energy by 2030, an ambitious goal that requires $1 trillion.
“There are financial and regulation hurdles and capacity hurdles,” said visiting French President Emmanuel Macron at the founding conference of the International Solar Alliance in Mirzapur in Uttar Pradesh state, on Sunday, Nikkei Asian Review reported.
He added that private and public sectors and society needed to come together to overcome these challenges. Indian Prime Minister Narendra Modi is the chief architect of ISA that he launched with French ex-president, Francois Hollande, in Paris in November 2015 during a convention on climate change.
The alliance involves 121 prospective member-countries that fall between the tropics of Cancer and Capricorn, and are exposed to the “maximum solar intensity of over 300 days a year,” according to a bureaucrat at the Indian External Affairs Ministry. Read More