France, India launch alliance for solar energy

The ISA’s five solar programs

The ISA’s five solar programs

Mr Macron did not name the U.S. president while speaking at the first meeting of the International Solar Alliance in New Delhi.

Most of the member countries are located in equatorial regions in Africa and the Indian Ocean.

The NDB and the ISA agreed to consider a roadmap for the mobilisation of financing to promote solar energy in countries of common interest and to explore mechanisms for supporting solar energy development. The volume of investments so far made by Masdar is around US$1.7 billion in global renewable energy projects, which have a capacity of about 2.7 GW. He said better and cheaper solar technology should be easily available to all nations.

Out of the 27 projects for which Modi offered financial assistance, 23 of them are African countries. Solar energy policy has to be to looked at in totality for development so that it can contribute to achievement of sustainable development goals (SDGs), he said.

President Akufo-Addo informed the Summit that a major strategy to achieving those targets in Ghana, was to build the relevant domestic capacity in the manufacture and assembling of solar energy systems and accessories within Ghana. The delegation would include representative members of 15 out of the 121 nations in the alliance.

French President Emmanuel Macron on Sunday announced an additional investment of 700 million euros for global solar energy generation by 2022 to reduce the use of fossil fuel and help combat climate change.

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"Because they decided it was good for them, for their children, their grandchildren".

"They chose to act and keep acting, and that's why we are here, in order to act very concretely". "While solar is fast becoming one of the most cost-effective ways to generate new power and deliver energy access, to deploy fast enough, complementarity must exist between our work and the broader renewable energy mandate and development tools established by IRENA".

For his part, Modi pointed out that India has started the world's largest renewable energy expansion program.

Speaking at the launch of the first International Solar Alliance (ISA) summit, Macron called for "joint duties" towards a "planet that we are sharing" and took a dig at his U.S. counterpart Donald Trump, who pulled out of the 2015 Paris climate deal.

"We have to encourage innovation so that solar solutions can be provided for various needs". "We will have to provide concessional and low-risk financing for solar projects, and develop regulatory aspects and standards to [find solutions]", he said, adding consultancy support would be required for "bankable solar projects" in developing countries.

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