International Solar Alliance secure financial partnerships

The ISA’s five solar programs

The delegation will leave for Bhopal on March 13 and also, inspect the 50 MW solar park at Ichchawar in Sehore district.

The founding conference of ISA is being co-chaired by Indian prime minister Narendra Modi and French president Emmanuel Macron in New Delhi, with delegates including heads of state and government, ministers, chief executives of worldwide organisations and other high-level officials.

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.

However, while hailing the "solar mamas", a group of women trained as solar engineers, he said the women had continued their mission to promote solar energy even after "some countries decided just to leave the floor and leave the Paris agreement".

Susantono said: "ADB's energy policy commits $3bn per year by 2020 for promoting clean energy, including solar energy projects in its developing member countries".

The International Solar Alliance (ISA) is an alliance of more than 121 countries, a lot of them being sunshine countries, which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn.

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

More news: Euro gives up gains on ECB's subdued inflation view

Under the ISA, 100 centres for excellence would train 10,000 technicians to achieve the target of 1,000 GW of solar energy that needs $1,000 billion, Macron said.

France said it will allocate 700 million euros in additional spending to its commitment to solar energy by 2022, which will take its total commitment to 1 billion euros. They kept on moving "because they decided it's good for them, their children and grandchildren".

The agenda calls for eradication of poverty in all its forms and dimensions and the transformation of the world in which development and application of technology are climate-sensitive, resilient and respectful of biodiversity. "They made a decision to act and keep acting, and that's why we are here, in order to act very concretely", Macron said.

"We have to make sure that a better and more cost effective solar technology is available to all", Modi added.

Speaking at the conference, Macron took a swipe at US President Donald Trump for backing out of the Paris climate agreement.

The action plan includes increasing the share of electricity generated from photovoltaic cells in the energy mix, framing of regulations and standards and consultancy support for bankable solar projects.

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

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