Terming Prime Minister Narendra Modi's International Solar Alliance (ISA) initiative as a unique implementation-focused alliance, Union Power Minister Piyush Goyal today said the 3P model of partnerships, programmes and planning will be the key to achieve this.
Speaking at the 'SWITCH' Electrical Show here, Goyal said, "an idea then, ISA has now transformed into a movement with countries and global agencies endorsing this initiative of Indian government to promote solar energy in the countries that are rich in solar resources."
He said the 3Ps model of partnerships, programmes and planning would be key in achieving the ISA goal.
"It is encouraging to know that United Nations Development Programme and World Bank are already exploring synergies with ISA to deepen strategic co-operation in solar energy and establishing robust knowledge management systems," Goyal said.
Last year, the World Bank signed an agreement with the ISA at the Paris climate summit to mobilise USD 1 trillion in investments in the solar sector by 2030.
"We are committed to promote ISA and we believe that the interested parties need to come together to share ideas, best practises, knowledge, technology and resources towards a global low carbon transition," said the Minister.
Goyal pointed out that achieving the objective of ISA requires the establishment of a strong knowledge-sharing platform to locate and popularise each small and large stride already being taken in each and every unidentified corner (s) of the world.
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Meanwhile, Goyal launched a compendium of 'Global Success Stories in Solar Energy', prepared by Yes Bank.
Goyal said, "This compendium would provide an apt reference for learning from each other's experience and for replicating successful models and projects in various ISA nations."
Rana Kapoor, Managing Director and CEO of Yes Bank, said "Through Yes Bank's expertise in the renewable energy sector, we have realised that there is a need to maximise capital flows, access to new technologies and seamless exchange of knowledge amongst stakeholders.
