International Solar Alliance (ISA) becomes legal entity
The International Solar Alliance (ISA), which aims at increasing solar energy deployment in member countries, will become a treaty-based international inter governmental organization from 06th December 2017.
The ISA, headquartered in India, has its secretariat located in the campus of the National Institute of Solar Energy, Gurgaon, Haryana.
The ISA is an Indian initiative, jointly launched by the Prime Minister Narendra Modi and the president of France on 30 November 2015 in Paris, on the sidelines of COP-21, the UN climate conference.
Objective: It aims at addressing problems in solar energy through better harmonization and aggregation of demand from solar rich countries lying fully or partially between the tropics of Cancer and Capricorn.
Till date, 46 countries have signed and 19 countries have ratified the framework agreement of the ISA. The ISA interim secretariat has been operational as a de-facto organization since 25 January 2016.
India’s contribution: India has set aside $2 billion for solar projects in Africa out of the $10 billion concessional line of credit for the continent.
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