The government will encourage domestic solar players to scale up their business abroad in a bid to demonstrate leadership in promoting the International Solar Alliance (ISA), an international alliance of 121 solar-rich countries situated fully or partially between the tropics.
“We will make sure that the benefits of our experience will be shared with those who do not have access to energy. We invite our industry, our people to go and set up projects there (in ISA nations),” R.K Singh, minister of state for power and new and renewable energy said at the signing of Host Country Agreement between Ministry of External Affairs and ISA here on Monday.
ISA, which was jointly launched by Prime Minister Narendra Modi and France’s then President Francois Hollande in November 2015 on the sidelines of COP21, became a legal entity in December last year.
Singh said that the government will ensure measures to de-risk solar projects in these ISA member countries.
“That should be the primary goal of ISA, to de-risk projects,” he added.
ISA is looking to mobilise over US $ 1000 billion of investment into the Solar Sector and deploying over 1000 GW of Solar capacity in its 121 member nations.
Source: economictimes.indiatimes
