Partners Building 50 MW Solar Array In Indiana

The basics of International Solar Alliance

The basics of International Solar Alliance

The ISA initiative was launched at the United Nations climate change conference in Paris in November 2015, by Prime Minister Narendra Modi and former French President Francois Hollande.

Now comes the news that the French government will be committing €700 million in investment to this alliance. "The treaty-based organization, launched by Indian Prime Minister Narendra Modi in 2015, aims to promote solar energy in 121 countries", as reported by Reuters.

In a press statement, Cuomo pledged to provide a USD-1.4-billion (EUR 1.1bn) investment package for the implementation of 22 utility-scale solar schemes with a combined capacity of 646 MW, three wind projects of 733.6 MW in total, one of them with storage capacity, and one hydropower plant (HPP) project of 3.23 MW.

"We believe the future is a clean energy economy and NY is going to lead a counter-movement to what this administration is doing to the environment and illuminate the path forward", Cuomo said as he commented on the government's oil and gas strategy.

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Thirty-two (32) of the ISA's 60-member countries are from Africa.

Macron, who has positioned himself as a climate crusader, told the summit that the alliance needed $1 trillion to achieve its 1-terawatt target by 2030.

The declaration lays out areas of deeper cooperation between ISA and the Bank, including developing innovative financial instruments to reduce risks and costs associated with solar investments and to leverage climate financing and commercial co-financing and mobilizing concessional financing through the Sustainable Energy Fund for Africa (SEFA) and other Bank-hosted funds. "Using our high-performance Series 6 thin film modules and a plant design approach tailored to utility ownership values, we will contribute significantly to Vectren's commitment to deliver clean, reliable and reasonably-priced energy to its customers", said Eran Mahrer, vice president-markets, origination and government affairs for First Solar.

These solar projects will power infrastructure including health centres, high schools, street-lighting and drinking water supply in the countries. Although Blakers sees great value in the alliance's micro-finance schemes in developing countries. As it turns out, solar will meet more than 100% of the goal.

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