Cabinet approves proposal of MNRE for ratification of ISA’s Framework Agreement by India

ISA will strive to bring together more than 121 solar resource rich nations for coordinated research, low cost financing and rapid deployment

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Union Cabinet, chaired by the PM Narendra Modi has approved the

proposal of MNRE for ratification of International Solar Alliance’s (ISA) Framework Agreement by India. ISA was launched jointly by the Prime Minister of India and the President of France on 30th November, 2015 at Paris..

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The ISA aims to bring together more than 121 solar resource rich nations for coordinated research, low cost financing and rapid deployment. The foundation stone of the ISA Headquarters was laid at Gwal Pahari, Guragaon in Haryana. India has already committed the required support of operationalization of ISA.  ISA will put India globally in a leadership role in climate and renewable energy issues. It will also give a platform to showcase its solar programmes.

Early this year in November more than 20 countries, including Brazil and France signed the framework agreement of the International Solar Alliance (ISA). UNDP and World Bank have already announced their partnership with the ISA. Till now, 25 nations have signed the Framework Agreement.

Indian climate experts termed it as a “good initiative which will aggregate demand, improve quality and reduce cost of solar energy in developing countries but cautioned that achieving these objectives will require countries to have “confidence” in ISA.