Massive deployment of solar energy is being planned across 121 partner countries of International Solar Alliance (ISA) and efforts are on to mobilize 1000 billion US Dollars into the solar sector by 2030. This was stated by Minister of State for Power and New and Renewable Energy RK Singh at the Ministerial Plenary session of the ISA 2018 at Abu Dhabi.
Mr Singh was one of the keynote speakers at the Ministerial Conference. He called the ISA, a unique success and spoke about leaving the planet Earth a much healthier and greener for the future generation. All the speakers acknowledged the initiative of Prime Minister Narendra Modi in the formation of the International Solar Alliance (ISA) and hoped that this Alliance will ISA envisages to develop the global solar market via demand aggregation, developing common financing pools and mechanisms, bankable projects, standardizing contracts, alignment of supply chains and trade facilitation through partnership programmes in Member Countries.
The Ministerial Plenary comes at a time when ISA is diligently trying to develop the solar roadmaps for its member countries. The International Solar Alliance is a treaty based international inter-governmental alliance of 121 solar resource rich countries or the sunshine countries lying fully or partially between the Tropics of Cancer and Capricorn.
The alliance’s primary objective is work for efficient exploitation of solar energy to reduce dependence on fossil fuels. The initiative was launched by Mr Modi at the India Africa Summit, and a meeting of member countries ahead of the 2015 United Nations Climate Change Conference in Paris in November 2015. The Framework Agreement of the International Solar Alliance opened for signatures in Maarakech, Morocco in November 2016 and 121 countries have joined.
Later, Mr RK Singh had bilateral meetings with the Energy Ministers of Congo, Uganda and UAE. He also met with Adnan Z Amin, DG of IRENA (International Renewable Energy Agency).