Power News We love to talk!
Industry experts today hailed the International Solar Alliance (ISA) of over 120 countries, launched at the Global Climate Summit in Paris, saying the initiative will give much needed boost to a low-carbon future.
To boost solar energy in developing nations, Prime Minister Narendra Modi had yesterday unveiled an International Solar Alliance with French President Francois Hollande at the Paris COP21 climate summit.
Welcoming the development, Ficci President Jyotsna Suri said: "The international solar alliance is a unique initiative that could prove instrumental in helping India realise the ambitious 100 GW solar target in next six years and provide energy access to over 75 million unelectrified households under the "24x7 Power for All initiative".
Council on Energy, Environment and Water (CEEW) CEO Arunabha Ghosh said, "ISA is a historic step for global cooperation and a much needed boost for a low-carbon future."
India has emerged as the natural leader for this alliance, with its ambitious targets to install 175 GW of renewable energy by 2022, and non-fossil fuel electricity generating systems accounting for 40 per cent of the cumulative installed capacity by 2030, he said in a statement.
Under India's leadership, the ISA could inspire and support several developed and developing countries to advance on a clean energy pathway by lowering financing costs, developing common standards, encouraging knowledge sharing and facilitating R&D collaborations and co-development of technologies to meet the Sustainable Development Goals (SDGs) announced earlier this year, he added.
Sharing similar views, Natural Resources Defense Council President Rhea Suh said: "It has the potential to propel international solar markets forward, all while fighting climate change, improving global health and boosting economies."
- Swelect Energy unit to expand solar PV module capacity Read more
- NTPC appoints Gurdeep Singh as Chairman and Managing Director Read more
- Cairn India buy helps Anil Agarwal to counter mining slump Read more
- India to influence global energy markets: IEA Read more
- crude oil purchases Read more
- Indian clean energy investments dropped 20 per cent to $11 billion in 2017: BNEF Read more
- Power crisis pushes farmers to go for solar-powered pump sets Read more
- SunEdison signs MoU with Karnataka government for 5 gw renewable energy Read more
- Government distributes over 15 crore LED bulbs under DELP scheme Read more
- As Tamil Nadu falters, Andhra Pradesh solar tenders oversubscribed Read more