Published: Mon, March 12, 2018
Global Media | By Abel Hampton

Laying focus on solar power, ISA members pledge to create more jobs

Laying focus on solar power, ISA members pledge to create more jobs

The International Solar Alliance (ISA) was unveiled by Prime Minister Narendra Modi and then French President Francois Hollande at the U.N. Climate Change Conference in Paris on November 30, 2015.

With an aim to promote clean energy, the heads of 23 nations and 10 ministerial representatives on Sunday gathered at the Cultural Centre of New Delhi's Rashtrapati Bhavan to attend the Founding Conference of the International Solar Alliance (ISA).

The PM called for concessional financing at lower risk for solar projects to raise the share of solar power in the energy basket.

He said with Egypt joining the ISA, there will be growing opportunities for cooperation in the field of solar projects, including in the financing of projects in Egypt under India's Line of Credit (LOC) programme.

He said considering the fact that the country is located around the equatorial sunbelt and enjoys high level of solar radiation all year round, there is the need to exploit it to significantly contribute to the renewable energy in the country's power generation mix.

The ISA's major objectives include global deployment of over 1,000 GW of solar generation capacity and mobilisation of investment of over United States dollars 1 trillion into solar energy by 2030.

PM Modi also praised France, saying it had played an "important role" in the ISA.

The conference also recognized "the New Urban Agenda's commitment to promoting environmental sustainability through promoting clean energy". "We have to encourage innovation so that solar solutions may be provided for diversified uses".

Macron, who in December warned that the global shift to a green energy future was too slow, said France would extend an extra 700 million euros ($861.5 million) through loans and donations by 2022 for solar projects in emerging economies. It is open to all 121 prospective member countries falling between the Tropics of Cancer and Capricorn.

"We have to make sure that a better and more cost effective solar technology is available to all", Modi added. "We should not forget that we only have one planet and we are sharing it and for that there is no alternatives. They didn't wait, they didn't stop because few countries chose to just leave the floor and the Paris agreement", Macron said.

The US and China have not signed the ISA especially when both the countries have technology and production capacity might with them. "We need to increase the proportion of solar power in our energy mix", Modi said.

But the efforts of governments were not enough to achieve the 2030 goal and private sector industry, worldwide institutions and civil society would have to join in, Macron added.

"A major strategy to achieving these targets is to build the relevant domestic capacity in the manufacture and assembling of solar energy systems and accessories within Ghana", he observed. "Apart from this, ISA summit will generate political support for solar roadmaps of member countries in areas of demand aggregation, innovation, standards, quality control, R&D and capacity building", Upendra Tripathy, Interim Director General of ISA, told

Like this: