International Solar Alliance

India, ISA sign agreement for solar projects in four Indo-Pacific countries

A Project Implementation Agreement has been signed between the Ministry of External Affairs and the International Solar Alliance (ISA) to execute new solar projects in Fiji, Comoros, Madagascar and Seychelles, an official statement said. The agreement was signed on Tuesday, the statement issued by the Ministry of External Affairs (MEA) said. The Wilmington Declaration released at the Quad Leaders' Summit in Delaware in the US on September 21 stated that the Quad countries will work together, through policy and public finance, to operationalise their commitment to catalyse complementary and high-standard private sector investment in allied and partner clean energy supply chains, it said. "To this end, India has committed to invest USD 2 million in new solar projects in Fiji, Comoros, Madagascar and Seychelles," it added. On November 26, the Project Implementation Agreement (PIA) was signed between the MEA and the ISA to execute the projects in these Indo-Pacific countries. The ISA,

India re-elected as President of International Solar Alliance till 2026

Union Minister Pralhad Joshi on Monday said India has been re-elected as the President of Indian Solar Alliance (ISA) from 2024 to 2026. Addressing the press conference at 7th General Assembly of the ISA, Joshi informed that France has been reelected as Vice-President of the ISA. India's election to the President post is a testament to the impactful work the country, under the leadership of Prime Minister Narendra Modi, has been doing over the years for the global good in advancing solar energy adoption across the globe and boosting investment in essential solar projects, including mini-grids and healthcare solutions, Joshi opined. Eight Vice Presidents of the Standing Committee, two from each of the four ISA geographical regions, were also selected by the Assembly. From the Africa Region, Ghana and Seychelles have been selected as the Vice Presidents, while South Sudan and the Comoros will support the Vice Presidents as Vice-Chairs of Africa. From the Asia and the Pacific Region

ISA partners with MIGA to fund Solar Energy projects in Sub-Saharan Africa

MIGA and ISA will work together to launch solar power and distributed energy projects in eligible developing countries

'India's solar energy capacity jumped 33-fold in a decade': PM Modi

While addressing the inaugural International Solar Festival, Prime Minister Modi praised India's green energy progress and its status as the first G20 nation to meet Paris Agreement goals

Panama becomes 97th member of International Solar Alliance: MEA

Panama has officially ratified the International Solar Alliance (ISA), marking its entry as the 97th member nation. The information was divulged by Randhir Jaiswal, spokesperson of the Ministry of External Affairs.In a post on X, Randhir Jaiswal @MEAIndia tweets, "Panama becomes the 97th member to ratify the ISA. Panama handed over the Instrument of @isolaralliance Ratification, during the meeting of Ambassador Yasiel Burillo of Panama to India, with Joint Secretary (Economic Diplomacy) @Abhishekifs in New Delhi today."Panama's commitment to sustainable energy was underscored as Ambassador Yasiel Burillo presented the Instrument of Ratification to Joint Secretary (Economic Diplomacy) Abhishekifs during a meeting in New Delhi today.This formal act solidifies Panama's pledge to collaborate within the framework of the ISA, joining other nations in the pursuit of harnessing solar energy for a greener future.Joint Secretary (ED & MER), MEA Abhishek Singh expressed gratitude for ...

Solar installations in India fall 47% to 5.6 GW during Jan-Sep: Report

India has reported a 47 per cent fall in solar installations at 5.6 GW during January-September 2023, amid delay in project execution, according to research firm Mercom India. The installations were also down in the July-September quarter this year at 1.9 GW, a 34 per cent fall, over 2.8 GW solar capacity installed in the same period a year ago, the research firm said. However, on a quarter-on-quarter (QoQ) basis, the installations increased almost 6 per cent compared to 1.8 GW in Q2 2023. "During the first nine months of 2023, 5.6 GW of solar was installed in India. Solar capacity additions fell nearly 47 per cent compared to 10.5 GW installed in 9M 2022," Mercom India Solar Market Update report said. The utility-scale installations dropped more than 54 per cent year-over-year (YoY) to 4.2 GW. "Barring significant negative developments, installations in 2024 should grow exponentially. Declining prices (of ped products) are now the cause of slower growth (compared to rising prices

Will raise viability gap funding to 35% for RE: Int'l Solar Alliance

The International Solar Alliance (ISA) is considering increasing the viability gap funding for renewable projects to 35 per cent, its President R K Singh said on Tuesday. Under the Viability Gap Funding (VGF), ISA provides 10 per of the project cost to the member nation for an identified Renewable Energy (RE) project. ISA has a programme for VGF, so funding is available for projects in developing countries, Singh, the Minister for New and Renewable Energy, said at the Sixth Session of International Solar Alliance Assembly. "Today we (member countries)... all the ministers together.. decided that we will increase the viability gap funding from 10 per cent to 35 per cent," he said. The move will enable more investments in the solar industry, Singh said. The ISA president said there are about 733 million people across the world who don't have access to electricity and it is the ISA's mission to ensure that they get access to renewable energy. "We have a mission to ensure access to t

G20: Global Biofuels Alliance to be launched to boost energy transition

India's proposal for setting up a Global Biofuels Alliance is likely to get through at the G20 summit with sources indicating that the new grouping may be launched on Saturday to help accelerate energy transition. A group photo of the G20 world leaders may take place on the first day of the summit on Saturday after it begins at Bharat Mandapam, the venue for the two-day summit, sources said. The Global Biofuels Alliance, which the world's third biggest oil consumer wants to push during its G20 presidency, mirrors the International Solar Alliance (ISA) piloted by New Delhi and Paris in 2015 to bring clean and affordable solar energy within the reach of all. Earlier this month, Prime Minister Narendra Modi told PTI in an exclusive interview that India's proposal for a global alliance on biofuels among members of the Group of 20 major economies will help accelerate sustainable biofuels deployment in support of the global energy transition. "Such alliances are aimed at creating options

India's renewable energy ambitions could exceed 500 GW: ISA DG Ajay Mathur

India is poised not only to achieve its ambitious target of 500-gigawatts renewable energy capacity by 2030 but also surpass it, driven by an anticipated decline in battery prices by 2025, according to Ajay Mathur, Director General of the International Solar Alliance (ISA). In an interview with PTI, Mathur, who has also been a member of the Indian Prime Minister's Council on Climate Change, said global climate finance distribution remains skewed and that reforming multilateral development banks and facilitating renewable energy investments have been priority areas of India's G20 presidency. India, as the G20 presidency, has invited ISA as one of the guest international organisations. Mathur said a fall in battery prices by 2025 could drive the widespread adoption of solar plus battery solutions, leading to the realisation of India's ambitious target of installing 500 GW of renewable energy capacity by 2030 -- one of the five commitments Prime Minister Narendra Modi made during the ..

Investment in renewable energy concentrated in developing countries: Expert

While huge amount of investment is occurring in the renewable energy sector, a large proportion of it goes to developing countries and the rest of the world get hardly any fund, Ajay Mathur, Director General of International Solar Alliance, said on Thursday. Talking to PTI at the sidelines of an event during G20 fourth Energy Transitions Working Group meeting, Mathur said that the net zero emission target is possible. "We see a huge amount of investment occurring in renewable energy in general and solar in particular. In 2022, the investment in renewable area was approximately 500 billion dollars of which half was in the solar," he said. Mathur said, "The problem is that the vast amount of this money went to the countries like China and large emerging developing countries while rest of the world, hardly got anything." He said that the investment in Africa (African continent) for example was less than 5 per cent. Mathur said that the investment is "extremely differentiated, it is n

COP27: All eyes on Egypt to steer climate finance towards adaptation

With the summit happening amid Ukraine war and recession fears, budget cuts for climate are apprehended as nations use money to secure energy and development aid shifts towards humanitarian projects

Next big thing is to take solar to everyone's life: ISA Director-General

In a Q&A, Dr Ajay Mathur talks about the Alliance's current agenda, and financing and capacity building plans across green sectors

5th ISA Assembly to focus on energy access, security and transition

Meeting scheduled for October 17-20 in New Delhi under India's presidentship; ministers, missions and delegates from 109 member and signatory countries of ISA likely to participate

International Solar Alliance's 5th Assembly to be held from Oct 17 in Delhi

Union Minister for Power and New and Renewable Energy RK Singh unveiled the curtain raiser to the Fifth Assembly of the International Solar Alliance to be held in New Delhi from October 17-20, 2022

India pitches green hydrogen, renewable financing to Singapore Deputy PM

India is expected to pitch green bonds and similar such new age financing tools for investment in the Indian renewable energy sector

UNGA grants Observer Status to International Solar Alliance

The United Nations General Assembly has granted Observer Status to the International Solar Alliance (ISA), according to India's Permanent Ambassador to the UN, T S Tirumurti

UN General Assembly grants Observer Status to International Solar Alliance

UNGA has granted Observer Status to International Solar Alliance (ISA), India's Permanent Ambassador to United Nations, T S Tirumurti said

India-led International Solar Alliance signs UN pact at COP26 in Glasgow

International Solar Alliance and the UN Framework Convention on Climate Change signed a memorandum of understanding

US joins India-led International Solar Alliance as member country

The US on Wednesday became member country of the International Solar Alliance (ISA)

India is a 'red-hot investment destination for solar': John Kerry

The US Presidential Special Envoy for climate change was speaking at the Fourth Assembly of the ISA, just weeks ahead of the crucial global climate conference COP26 in Glasgow