International Solar Alliance launches Eight New and Innovative Initiatives. The initiatives include the development of 20000MW Solar Park in member countries, Star-C undergraduate program, and price exploratory Global Bid for providing Energy Access to 47 Million Households by Solar Home Systems to assist member nations.
Through a conference video call meeting President of ISA and Hon’ble Minister Sh. R. K. Singh thanked all the member countries for their invaluable cooperation, French Ambassador H.E. Mr. Emmanuel Lenain also joined in to laud ISA’s efforts.
India has been providing all-out support for realizing ISA’s vision and objectives. The Government of India has allotted 5 acres of land to the ISA in the National Institute of Solar Energy (NISE) campus, Gurugram, and has released a sum of Rs. 160 crore, i.e. US$ 26 million for creating a corpus fund, building infrastructure, and meeting day to day recurring expenditure of the ISA up to the year 2012-22. As per commitment, India will release an additional Rs. 15 crore, i.e. US$ 2.1 million in the year 2020-21. Besides, various Public Sector Enterprises of Government of India have contributed US$ 8 million for augmenting the ISA corpus fund. Apart from these, India has set aside US$ 2 Billion for solar projects in Africa out of the Government of India’s US$10 Billion concessional Line of Credit (LOC) for Africa. Exim Bank of India is implementing this line of credit in close coordination with ISA countries in Africa. On the 24th September 2019, on the side-lines of the 74th UN General Assembly, India announced the allocation of US$ 12 million grant, and a concessional LOC of US$ 150 Million for Pacific Islands Developing States for undertaking solar, renewable energy and climate-related projects.
The ISA is an Indian initiative that was launched by the Prime Minister of India and the President of France on 30 November 2015 at Paris, France on the side-lines of the COP-21, with 121 solar resource-rich countries lying fully or partially between the tropic of Cancer and tropic of Capricorn as prospective members. The overarching objective of the ISA is to collectively address key common challenges to the scaling up of solar energy in ISA member countries. It also aims to undertake joint efforts required to reduce the cost of finance and the cost of technology, mobilize investments needed for massive deployment of solar energy, and pave the way for future technologies adapted to the needs. ISA has been positioned to help create the conditions that would make funding, developing, and deploying solar applications on a large scale a reality. ISA is now perceived as key to achieving the 2030 Sustainable Development Goals and objectives of the Paris Agreement on Climate Change.
In October 2019, The Ministry of New and Renewable Energy hosted the second Assembly of International Solar Alliance (ISA) on 30 and 31 October 2019 New Delhi. While on 30 October 2019, coordination and consultation meetings on different aspects of ISA programs and initiatives were held, the Assembly met on 31 October 2019.
In January, National Thermal Power Corporation (NTPC), under the International Solar Alliance (ISA) provided project management consultancy services for the development of nearly 300 MW solar power projects in Togo. The letter of engagement was entered into between parties involved yesterday.To execute the development, the West African nation has identified two separate plots of land- one each of 70 and 500 acres in the regions of Dalwak and Savanes respectively, that will combine to generate 283 MW, according to a news report. This is the first time another country has sought help from the National Thermal Power Corporation (NTPC), under the International Solar Alliance (ISA).