The International Solar Alliance (ISA), which will become a legal entity on December 6, has planned to add 1,000 gigawatt (GW) of solar power across the globe by 2030. It is estimated that the plan to create 1000 GW of solar power capacity will need an investment of nearly 1,200 billion Euros by 2030.
Announcement of the ISA’s future plan was made here in Bonn on sidelines of the ongoing UN climate change conference (COP23) on Tuesday. India was earlier wanted to make the plan public next month during the Alliance’s first global summit in Delhi. The inaugural summit has, however, now been deferred due to postponement of the French president Emmanuel Macron’s India visit.
Macron was earlier expected to attend the summit on December 9 during his India visit. The mega meet is now expected to be scheduled early next year, depending on availability of Macron and Prime Minister Narendra Modi.
The Alliance, India’s brainchild to bring 121 solar rich countries on a single platform to give push to solar energy, was jointly launched by the Prime Minister Narendra Modi and the then French President Francois Hollande in Paris on November 30, 2015. Since France had been quite active on this Indian initiative to forge a global coalition to harness solar energy, India is keen to have Macron on board during the ISA’s inaugural summit.
“We have had discussion on the issue here with the French government’s special envoy for implementation of the ISA, Segolene Royal. Fresh dates are being explored, keeping in mind the availability of Prime Minister Modi and President Macron. The summit is likely to be held early next year”, said Anand Kumar, secretary in the ministry of new and renewable energy, on Tuesday.
Announcing the ISA’s future plan, Kumar said the Alliance member countries had been proactively working on their solar goals and achieving the target of 1,000 GW by 2030 would be a collective goal.
The current installed global capacity of the solar power is around 303GW including over 12GW in India. Nearly 75GW of solar power was added globally in 2016. India had in 2015 revised its solar power target from 20GW to 100GW by 2022. This is part of the country’s total renewable energy target of 175GW by 2022.
So far, 44 countries have signed the framework agreement of the ISA. The Alliance had got the required number of ratification (by 15 countries) on November 6. It will now become an international legal entity on December 6 — 30 days from the deposit of the 15th instrument of ratification.
The 15 countries which have already submitted their instrument of ratification include India, France, Mauritius, Niger, Nauru, Tuvalu, Fiji, Somalia, Ghana, Mali, Seychelles, South Sudan, Bangladesh, Comoros and Guinea. Two more countries – Sudan and Togolese Republic – have ratified it, but they have been waiting for other formalities before submission of their instruments.
Idea of the Alliance is to present solar-rich nations as an effective group to get financial and technological support from investors. Most of the 121 member countries, lying fully or partially between the Tropics of Cancer and Capricorn, get nearly 300 days of good sunshine in a year and are therefore most suited to move on the solar energy path.Read more
Latest posts by The Economic Times (see all)
- Myanmar, India Mull Building Cross-border Oil Pipeline - March 23, 2018
- We Are Focusing On Electrosteel, Not Keen On Essar Steel: Anil Agarwal - March 23, 2018
- Now, Get Reliance Energy Connection In 15 Days - March 23, 2018