Solar Summit held in New Delhi to promote solar energy

Posted March 12, 2018

The International Solar Alliance (ISA) founding ceremony was held in New Delhi over the weekend, spearheaded by Indian prime minster Narendra Modi and French president Emmanuel Macron, with multiple development banks signing significant partnership agreements.

Speaking at the launch of the first International Solar Alliance (ISA) summit, Macron called for "joint duties" towards a "planet that we are sharing" and took a dig at his U.S. counterpart Donald Trump who pulled out of the 2015 Paris climate deal.

Shaker pointed out that Egypt's accession to the ISA enables it to benefit from its support to its members with the necessary expertise, especially as it seeks to address the challenges of solar energy in these countries.

Ahead of the conference, he tweeted, "We have not come from all the continents to deliver speeches that will soon be forgotten".

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The joint goal is to have 1 TW of solar energy by 2020 for which "we need United States dollars 1,000 billion", he said.

Besides Heads of State, Deputy Prime ministers and energy ministers have confirmed their participation in the summit.

Indian minister of energy R.K. Singh said that ISA has the potential to have a huge impact on the future of the planet, with renewable energy now a viable alternative.

PM Modi also praised France, saying it had played an "important role" in the ISA. "We will have to provide concessional financing and low-risk finance for solar projects", PM Modi said.

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The prime minister stressed on the need to make the ISA secretariat "strong and professional". "In this regard, we deeply appreciate the leaderships of India and France for establishing the International Solar Alliance".

He said that ISA guidelines include the cooperation of its members in the implementation of coherent programs and voluntary activities to finance solar projects. These solar projects are in Bangladesh, Mali, Seychelles, Tanzania, Mali, Rwanda, Nigeria, Ghana, Guinea.

The New Development Bank (NDB) aims to mobilize resources for infrastructure and sustainable development projects in the BRICS nations and other emerging market economies and developing countries. "I am also pleased to announce that India will start a Solar Technology Mission which will have global focus", the prime minister said.

Modi said what is going to be the way forward is something all they have to think. This is the way we will be able to achieve what ancient monks used to pray for when they said "Tamaso ma Jyatirgamaya" which means "From darkness, lead me to light". The video has been shared on Facebook by an Aam Aadmi Party (AAP) group called Aap Ka Kashyap with the title saying or rather making fun of the recent political developments in India where the Telugu Desam Party (TDP) withdrew its two ministers from the Union Cabinet led by the National Democratic Alliance (NDA).

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The International Solar Alliance was formed on the sidelines of COP21, the Paris Climate Accord in 2015 and was jointly floated by PM Modi and the then French President Francois Hollande.