Foreign dignitaries arrive to attend first mega Solar Alliance Summit
Foreign dignitaries arrive to attend first mega Solar Alliance Summit
President to host welcome ceremony for International Solar Alliance
10 March, 2018, 23:00
The International Renewable Energy Agency (IRENA) will sign a Joint Partnership Declaration on 11th March 2018.On the occasion the Union Minister of State for Ministry of New and Renewable Energy RK Singh said that ISA has potential to have a huge impact on future of planet.He added that today we are in a happy situation where renewable energy has become viable.
India and France also committed to fully implement the historic Paris climate change Agreement at the forthcoming Conference of Parties (COP24).
The ISA is conceived as a coalition of solar resource-rich countries to address their special energy needs and provide a platform to collaborate on dealing with the identified gaps through a common, agreed approach.
Ahead of Sunday's conference, the European Investment Bank announced it was providing €1 billion as support for the International Solar Alliance.
Governor-General of Australia Sir Peter Cosgrove will arive arrive here on Saturday on a five-day visit to India, during which he will attend the founding conference of the International Solar Alliance (ISA) on Sunday, the Australian High Commission here said in statement on Friday.
The summit will deliberate on finance mechanism for the promotion of solar energy, crowd-funding and technology transfer.
The summit assumes significance in view of India's ambitious renewable energy target of having 175 GW clean energy capacities including 100 GW solar and 60 GW wind power.
It is close to achieving 20 GW in the current fiscal itself and plans to auction 30 GW solar projects each in 2018-19 and 2019-20.
He said ISA can help build a global buyers club for solar energy and reduce technology prices, rapidly increase their use and help get finance on board.
The worldwide government organisation has got recognition from the United Nations.
Both India and France stressed the positive contribution of the "One Plant Summit" in Paris on December 12 past year to this objective. "I am glad that this auspicious work is being done with the President of France".
The two leaders will discuss matters of mutual interest to deepen cooperation between Sri Lanka and Japan.
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