BUSINESS

International Solar Alliance (ISA) forum to share experiences, technology’

ISA
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NEW DELHI: Declaring that India is ready to help countries meet their energy needs, Minister of State for External Affairs V.K. Singh said on Tuesday that the India-initiated International Solar Alliance (ISA) can act as a forum for sharing experiences and technology. Speaking at a business outreach programme for solar projects under India’s lines of credit (LoCs), Singh said that countries between the Tropics of Cancer and Capricorn have great potential for solar energy. “From being an idea and a dream, the ISA has now become a reality,” he said.

Launched by Prime Minister Narendra Modi and then French President Francois Hollande at the Paris climate summit in 2015, ISA was 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. It is open to all 121 prospective member countries falling between the Tropics of Cancer and Capricorn. Singh said that till now 68 nations have become signatories to the ISA of which 40 have ratified the framework agreement.

Observing that solar energy has improved by leaps and bounds, he said that India has targeted 175 GW of renewable energy of which 100 GW is solar energy. “We have already attained 20 GW of solar energy,” the Minister said. (IANS)