International Solar Alliance Holds 1st Summit

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March 11, 2018

New Delhi was the location for the first gathering of the International Solar Alliance, and the organization already has a pile of money to put towards its goals.

Indian President Ram Nath Kovind and French President Emmanuel Macron were co-hosts of the event, which gathered together heads of 23 nations and another 10 ministerial representatives.

Indian Prime Minister Narendra Modi proposed creating the organization in 2015, at the India Africa Summit and again at the United Nations Climate Change Conference in Paris. The treaty-based International Solar Alliance (ISA) opened for business in December 2017, with headquarters in Gurugram, India. To date, 121 countries have committed to joining and 58 of those have signed the organization's framework agreement.

The ISA set as its overall goal the creation of 1,000 GW of solar power by 2030. The organization set a target of $1 trillion for achieving that production goal. France has pledged 700 million euros to help.

India has taken the lead in the initiative as it heads towards its stated goal of generating 175 GW (gigawatts) of renewable energy annually, with 100 GW of that being solar, by 2022. That would make India the world's largest producers of renewable energy. The country currently produces about 57 GW of renewable energy a year. The government has said that it would focus on solar-powered street lighting, irrigation, and off-grid power supply hubs.

India currently ranks fourth in production of solar energy, behind China, the United States, and Japan.

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