Commerce and Industry Minister Suresh Prabhu today said India will be at the centre of the ‘sunshine countries’ of International Solar Alliance (ISA) after achieving its target of having 170 GW of clean energy by 2022.
China and Pakistan have shown interest in becoming members of the International Solar Alliance (ISA), potentially adding heft to the first treaty-based international government organization based in India.
The International Solar Alliance (ISA) plans to approach multilateral development banks (MDBs) such as Asian Infrastructure Investment Bank (AIIB) to create a special purpose vehicle (SPV) to specifically finance solar projects, said the alliance’s interim director general, Upendra Tripathy.
The Netherlands today signed the framework agreement of the India-initiated International Solar Alliance (ISA) following a bilateral summit between Prime Minister Narendra Modi and his Dutch counterpart Mark Rutte.
Having officially founded the Internarional Solar Alliance (ISA) over the weekend, French president Emmanuel Macron and Indian prime minister Narendra Modi have now also inaugurated French power giant Engie’s 101MW Mirzapur solar project in the Indian state of Uttar Pradesh.
French President Emmanuel Macron, who is on a four-day visit to India, arrived in Varanasi on Monday, where he was received by Prime Minister Narendra Modi and Uttar Pradesh Chief Minister Yogi Adityanath.
Prime Minister Narendra Modi today called for concessional financing and less-risky funds for solar projects to raise the share of solar power in the energy basket, provide cheaper electricity and cut carbon emissions.
As many as 62 member nations of the ISA on Sunday committed that they will increase share of solar power in their energy mix to deal with climate change and provide energy to underprivileged in the society.