A Curtain Raiser Event
for the Founding Ceremony of the International Solar Alliance (ISA) was
held at Bonn, Germany yesterday.
Speaking at the event, Shri Anand Kumar, Secretary, Ministry of New and
Renewable Energy, Government of India hoped that, in the spirit of
affirmative action, developed countries will earmark a percentage of
Overseas Development Assistance (ODA) towards solar energy projects in
developing countries. He suggested that Multilateral Development Banks
and other financial institutions provide wholehearted support for solar
projects through low cost finance, and research & technology
institutions worldwide try their utmost to bring the cost of solar power
and storage within the reach of all. Shri Kumar also invited corporates
and other institutions to support solar energy development and
deployment in every possible manner.
Recalling that the ISA initiative is the vision of Prime Minister of
India, Shri Narendra Modi, Shri Kumar reaffirmed Indian Government’s
continued support for the ISA. He also spoke about the Government plans
to increase the share of renewable energy in India’s energy mix,
especially towards achieving cumulative installed renewable power
capacity of 175GW by 2022.
Secretary, Environment, Forest and Climate Change, Government of India,
Shri C.K. Mishra, underlined the need for visualising solar energy in
the context of sustainable development goals. He emphasised upon the
need for arranging technologies, finance and capacity building for solar
energy projects, as well as for developing storage technologies. He also
suggested that there is a need to work in the areas of renewable power
evacuation and application of off-grid solar energy.
Interim Director General of the ISA, Shri Upendra Tripathy, informed
that ISA will become a treaty-based international intergovernmental
organisation on 6 December 2017. 44 countries have already signed the
ISA treaty, and many more are set to join. He spoke on the ISA’s three
ongoing programmes: facilitating affordable finance for solar, scaling
up solar applications for agriculture, and promoting solar mini-grids in
Member Nations. The discussions also covered the ISA’s Common Risk
Mitigation Mechanism (CRMM) project, aimed at de-risking investments
into solar energy projects in developing countries, and thereby,
encouraging flow of funds into the sector.
Speaking at the occasion, H.E. Ségolène Royal, Special Envoy for the
implementation of the ISA, Government of France, emphasised upon five
key points to accelerate global solar deployment: setting concrete
goals, developing and leveraging common tools, enhancing projects,
establishing decentralised PV solutions, and forging new partnerships
that capitalise on complementary capabilities.
The ISA was jointly launched on 30 November 2015 by Prime Minister of
India, Shri Narendra Modi, and then-President of France, H.E. François
Hollande, on the side lines of the UNFCCC Conference of Parties 21
(CoP21) at Paris, France. The ISA is a treaty-based alliance of 121
prospective solar-rich Member Nations situated fully or partially
between the Tropics, and aims at accelerating development and deployment
of solar energy globally.