ISA, IEA Ink Joint Declarations Of Partnership For Renewable Energy

Mar 11, 2018, 01:14
ISA, IEA Ink Joint Declarations Of Partnership For Renewable Energy

New Delhi will host the Founding Conference of International Solar alliance on 11th March.

"As one of the 26 founding members of the ISA, Australia is looking forward to sharing its expertise in solar technologies and research globally". It is open to all 121 prospective member countries falling between the tropics of Cancer and Capricorn.

A Yen Loan Agreement between the Government of Sri Lanka and the Japan International Cooperation Agency is to be signed during the visit for implementing the Health and Medical Service Improvement Project.

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An invitation to grace the conference, jointly signed by Prime Minister of India Narendra Modi and the President of France Emmanuel Macron, was handed over to President Maithripala Sirisena jointly by the High Commissioner of India Taranjit Singh Sandhu and the Ambassador of France Jean-Marin Schuh on February 23.

The solar alliance is working for deployment of over 1,000 GW of solar energy and would mobilise more than $1,000 billion into solar energy by 2030, according to the statement.

Finance Ministry in a release said, the objective of the agreements is to deepen their cooperation in support of Renewable Energy.

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Several global bankers have confirmed their participation at the event including Werner Hoyer, President & Chairman, European Investment Bank, K V Kamath, President, BRICS Development Bank, Nandita Parshad, Managing Director, Energy & Natural Resources, European Bank for Reconstruction and Development and Banbang Susantono, Vice President, ASIAN Development Bank.

The African Development Bank's New Deal on Energy for Africa aims to achieve universal access to energy in Africa by 2025.

"Solar power is providing clean energy for millions of people around the world and solar energy now represents the single largest source of new power generation".

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