First session of International Solar Alliance (ISA) starts in New Delhi
The first assembly session of ISA on October 2 in the
presence of United Nations General Secretary António Guterres in New Delhi.
Prime Minister Narendra Modi reiterated that International
Solar Alliance (ISA) has the potential to play the role of OPEC (The
Organization of the Petroleum Exporting Countries) in near future to meet
energy requirements of the world.
Indian government is looking to achieve a target of 40% of
power generation from non-fossil fuel-based resources by 2030, as part of its
efforts to cut its dependency on coal to meet its energy requirements.
At present, domestic firms are in the process to implement
the government’s plan of commissioning at least 10,000 renewable energy-based
micro- and mini-grid projects with a total capacity of 500 MW by 2022.
PM Modi invited all members of the United Nations to
cooperate for solar energy conservation.
A total of 40 nations’ representatives were present in the
Further, Modi added that the government has an aim to add 50
gigawatt (GW) of renewable energy to the existing capacity.
Also, non-hydro renewables will contribute about 20% of the
country’s total energy needs.
The event on also marked the inauguration of the second
Indian Ocean Rim Association (IORA) Renewable Energy Ministerial meeting, and
the Second Global RE-Invest, Renewable Energy Investors’ Meet and Expo.
It aimed at speeding up efforts to increase renewable energy and connect the
global investment community with Indian energy stakeholders.
The three-day 2nd Global RE-INVEST 2018 is set to be held
from 3-5 October, 2018 and more than 600 global industry leaders, and 10,000
delegates will participate in the event.
It may be noted that the ISA, an alliance of 121 countries
and most of them are sunshine countries, was launched jointly by PM Modi and
Francois Hollande, then president of France, on November 30, 2015 in Paris.
Foundation stone for the ISA headquarters in Gurugram
district was laid by Modi and Hollande in January 2016.