New Delhi – India has suggested that Multilateral Development Banks (MDB) and other financial institutions must provide wholehearted support for solar projects through low cost finance, and research & technology institutions worldwide try their utmost to bring the cost of solar power and storage within the reach of all.
At a Curtain Raiser Event for the Founding Ceremony of the International Solar Alliance (ISA) held at Bonn, Germany yesterday, Anand Kumar, Secretary, Ministry of New and Renewable Energy also invited corporates and other institutions to support solar energy development and deployment in every possible manner.
Speaking at the event, Mr Kumar hoped that, in the spirit of affirmative action, developed countries will earmark a percentage of Overseas Development Assistance (ODA) towards solar energy projects in developing countries.
Recalling that the ISA initiative is the vision of Prime Minister of India, Narendra Modi, Kumar reaffirmed Indian Government’s continued support for the ISA.
He also spoke about the Government plans to increase the share of renewable energy in India’s energy mix, especially towards achieving cumulative installed renewable power capacity of 175GW by 2022.