International Solar Alliance to commence from 06th December
The International Solar Alliance (ISA), which will become a legal entity on December 6, has planned to add 1,000 gigawatts (GW) of solar power across the globe by 2030. It is estimated that the plan to create 1000 GW of solar power capacity will need an investment of nearly 1,200 billion Euros by 2030.
The current installed global capacity of the solar power is around 303GW including over 12GW in India. Nearly 75GW of solar power was added globally in 2016. India had in 2015 revised its solar power target from 20GW to 100GW by 2022. This is part of the country's total renewable energy target of 175GW by 2022.
What is ISA:
The ISA was jointly launched on 30 November 2015 by Prime Minister of India, Shri Narendra Modi, and then-President of France, H.E. François Hollande, on the sidelines of the UNFCCC Conference of Parties 21 (CoP21) at Paris, France.
The ISA is a treaty-based alliance of 121 prospective solar-rich Member Nations, Most of the 121 member countries, lying fully or partially between the Tropics of Cancer and Capricorn, get nearly 300 days of good sunshine in a year and are therefore most suited to move on the solar energy path.
As of date, 44 out of 121 countries have signed the ISA Framework Agreement.
Important: ISA is the first international intergovernmental treaty-based organisation headquartered in India.
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