France, India launch alliance for solar energy

France, India launch alliance for solar energy

They will thus set a platform for cooperation between developed countries with solar energy technologies and countries in the southern hemisphere.

The country has secured a prominent place in the worldwide solar energy industry through developing world-class solar energy projects, including the Sheikh Mohammed bin Rashid Al Maktoum Solar Complex in Dubai, which is the world's largest Concentrated Solar Power project in the world, using the Independent Power Producer model and generating 5000 megawatts when completed in 2030.

The alliance involves 121 prospective member-countries that fall between the Tropics of Cancer and Capricorn, and are exposed to the "maximum solar intensity of over 300 days a year", acording to a bureaucrat at the Indian external affairs ministry.

The founding conference of ISA is being co-chaired by Indian prime minister Narendra Modi and French president Emmanuel Macron in New Delhi, with delegates including heads of state and government, ministers, chief executives of global organisations and other high-level officials.

French President Emmanuel Macron, who co-chaired the conference with Modi, 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.

Out of the 27 projects for which Modi offered financial assistance, 23 of them are African countries.

On the occasion, Singh said that ISA has the potential to have a huge impact on the future of the planet, adding that he is happy that renewable energy has become viable.

Separately, Macron and Modi on Monday inaugurated a 100-megawatt solar power plant built by French firm ENGIE in northern Uttar Pradesh state's Mirzapur area, a key step in meeting the target of 100 gigawatt of electricity in India from solar energy by 2022. He also revealed that ISA has to date secured 60 signatories and 30 parties already had ratified solar alliance.

"With the United States withdrawing from the Paris Agreement, there is a seat open at the head table of climate leadership and India is very well poised to take that seat".

Without directly mentioning Trump, Macron praised the "solar mamas", a group of women trained as solar engineers, saying that the women had continued their mission to promote solar energy even after "some countries decided just to leave the floor and leave the Paris Agreement".

"We have to encourage innovation so that solar solutions can be provided for various needs".

For his part, Modi pointed out that India has started the world's largest renewable energy expansion program. "We have to increase the share of solar in energy mix", he said.

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