Minister of State (Independent Charge) for Power and New & Renewable Energy, Raj Kumar Singh delivered the keynote address at the ministerial plenary session of the International Solar Alliance at Abu Dhabi.
Ministers, senior officials, Partner Organizations and eminent experts from representing ISA member countries are meeting in Abu Dhabi, UAE, during the ISA Forum, on 17-18th January, 2018, signaling the strong determination of ISA to turn solar into buyers’ market.
ISA envisages to develop the global solar market via demand aggregation, developing common financing pools and mechanisms, bankable projects, standardizing contracts, alignment of supply chains and trade facilitation through partnership programmes in Member Countries.
The opening session focuses on business opportunities thrown open by emerging solar markets, R& D in Solar Energy and role of best practices in developing solar among ISA member countries. These sessions will dwell upon the benefits of collaboration among ISA Member Countries for solar innovation, incubation and start- ups. Also R&D initiatives in member countries will be evaluated, and policy interventions required to support the international effort would be identified during this day. A key development area for ISA Member Countries is solar capacity building. Special focus will be on (a) establishing and strengthening integrated solar applications; (b) best practices to identify and build manpower and institutional infrastructure, and (c) methodologies for design, development, performance evaluation, standardization, testing and certification of solar energy systems and components.
The International Solar Alliance is a treaty based international inter-governmental alliance of 121 solar resource rich countries or the sunshine countries lying fully or partially between the Tropics of Cancer and Capricorn
The alliance’s primary objective is work for efficient exploitation of solar energy to reduce dependence on fossil fuels.
The initiative was launched by Prime Minister Narendra Modi at the India Africa Summit, and a meeting of member countries ahead of the 2015 United Nations Climate Change Conference in Paris in November 2015. The Framework Agreement of the International Solar Alliance opened for signatures in Maarakech , Morocco in November 2016 and 121 countries have joined.