First World Solar Technology Summit
International Solar Alliance (ISA) and Federation of Indian Chambers of Commerce and Industry (FICCI) has organised the first-ever World Solar Technology Summit.
International Solar Alliance (ISA):
• ISA is a treaty-based, actioned oriented and vision based international intergovernmental organization.
• ISA was jointly launched by India and France in the presence of Secretary General of the UN during CoP21.
• The Paris Declaration establishes ISA as an alliance dedicated to the promotion of solar energy among its member countries.
• The major objectives of the organization include deployment of 1000 GW of solar capacity and mobilization of US$ 1000 billion of investment in solar energy sector by 2030.
• Till now ISA Framework Agreement has been signed by 86 countries, with 68 having also deposited instruments of ratification. The ISA is headquartered at Gurugram in Haryana, India.
• ISA has one target in the Framework Agreement — deployment of 1,000 GW of solar capacity — to mobilise more than $1,000 billion by 2030, apart from bringing down solar energy cost: from high cost to grid parity, grid parity to kerosene parity, and from kerosene parity to near-zero cost.
World Solar bank:
• The ISA plans to set up a World Solar Bank to help finance the needs of member-countries.
One Sun One World One Grid (OSOWOG):
• India calls for world to be a part of OSOWOG. The vision behind the OSOWOG is ‘The Sun Never Sets’. It is basically a cross-border power grid plan seeks to transfer solar power generated in one region to feed the electricity demands of deficient regions.
• With India in the middle, the solar spectrum can easily be divided into two broad zones, which are: Far East including countries like Myanmar, Vietnam, Thailand, Laos, Cambodia etc. Far West covering the Middle East and the Africa Region.
Key Points of the Summit
to promote solar technologies, new business models and investment in the solar sector to enhance prosperity.
to formulate projects and programmes to promote solar applications.
to develop innovative financial mechanisms to reduce cost of capital;
to build a common knowledge e-Portal, and
to facilitate capacity building for promotion and absorption of solar technologies and R&D among member countries.
India pledged to increase its existing clean energy capacity of 134 GW to 220 GW by 2022 and stressed on reducing tariffs further through technological advancements. 134 GW production is about 35% of India’s total power generation.
India has enhanced its installed renewable energy capacity by 2.5 times and solar capacity by more than 13 times. Globally, India now ranks 4th in terms of renewable power.
India is providing capacity building support to ISA member countries through its ITEC training programme. India have set up a Project Preparation Facility to develop bankable solar energy projects in ISA member countries with the help of EXIM Bank of India.
The government is actively encouraging the industry, oil and gas companies in particular, to become participants in this transition to solar energy.
Five public sector undertakings (PSUs) will be joining ISA's Coalition for Sustainable Climate Action (ISA-CSCA) as corporate partners. Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and GAIL (India) Limited will be contributing to ISA's Corpus Fund.
India’s strategic Geo-political location can link East Asian power deficit countries with poor African nations.India can use ISA as an instrument for geopolitical influence. Simultaneously, India can assure its energy security.
Intercontinental electricity transmission is a powerful idea emerged from India. International community looks India as powerhouse of clean power. India’s power diplomacy may yield long term sustainable development goals. It will reduce energy poverty and increase quality of life and human development. It is likely to give boost to India’s neighborhood first policy.
ISA is not only a testament to India's unwavering faith in multilateralism but also a commitment to a better, sustainable and greener future.
Despite India having one of the lowest per-capita carbon emissions in the world, India has pressed ahead with the deployment of renewable energy at a fast pace for lowering carbon footprints.
India can give leverage to its demographic dividend by adopting head start measures for training of human resources, Indigenous manufacturing of solar panel etc.
For More Refer KSG CURRENT CONNECT, August-20, World Solar Technology Summit, Page No-76, 77, 78.