NDB, ISA tie up to promote solar energy

Akufo-Addo attends International Solar Alliance Summit In India

First of all, we have to ensure that better and affordable solar technology is available and accessible to everyone.

ISA, headquartered in Gurugram near New Delhi, is now a treaty-based intergovernmental organization that was established following the Paris Declaration as an alliance dedicated to the promotion of solar energy among its member countries.

March 11 (ANI): Prime Minister Narendra Modi on Sunday at the Founding Conference of the International Solar Alliance (ISA), listed out ten action points to bring about a worldwide solar revolution.

As for its global efforts in this field, the UAE, driven by its commitment to climate change mitigation and improving the lives of hundreds of millions of people living in communities most vulnerable to the impacts of climate change, has officially announced last February that it will join the International Solar Alliance, which aims to help developing countries harness 1,000 GW of solar by 2030.

His attendance at the ISA Summit was at the invitation of the Prime Minister of India, Narendra Modi, and the President of the French Republic, Emmanuel Macron.

Modi said there should be a full ecosystem for availability and development of technology, economic resources, development of storage technology, mass manufacturing and innovation.

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Macron said the summit to revolutionise the use of the clean energy by generating over 1,000 GW of solar power by 2030 was an outcome of the Paris accord even as "some left the floor" but others made a decision to act and keep acting. To date, 121 countries are involved in the International Solar Alliance.

"The French Development Agency will allocate additional 700 million euros to its commitment to solar energy by 2022", Macron said.

Macron applauded India's efforts in expanding renewable energy capacity within two years, from 39GW to 63GW, with solar energy growing up by 140%. "They chose to act and keep acting, and that's why we are here, in order to act very concretely", Macron said. "The joint goal is to have 1 TW of solar energy by 2020 for which we need $1,000 billion", he said.

Without taking US President Donald Trump's name, Macron said that while some left the climate deal, others stayed because they wish good for their children and grandchildren. "We will have to provide concessional and low-risk financing for solar projects, and develop regulatory aspects and standards to [find solutions]", he said, adding consultancy support would be required for "bankable solar projects" in developing countries.

"India has launched the "world's biggest renewable energy programme with a target to generate 175 GW of electricity from renewable sources by 2022".

Macron's 4-day India visit concludes on Monday.

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