The Prime Minister, Mr. Narendra Modi, inaugurated the first Assembly of the International Solar Alliance at Vigyan Bhawan. The same event also marked the inauguration of the second IORA Renewable Energy Ministerial Meeting, and the 2nd Global RE-Invest (Renewable Energy Investors’ Meet and Expo). The Secretary-General of the United Nations, Mr. Antonio Guterres, was present on the occasion.
Mr. Modi announced plans to launch a National Energy Storage Mission that will look at manufacturing, deployment, technology development, and policy framework.
A short film on the ‘Journey of Renewable Energy in India” was screened. Another film on Student Initiative on Solar Lamp was also shown on the occasion. 100 students from various schools lit the Solar Study Lamp at the inaugural function.
The Business and Technical Sessions of ISA Assembly, IORA Meet and RE-INVEST 2018 Expo will be held at India Expo Mart, Greater Noida, Uttar Pradesh from October 3-5, 2018.
INTERNATIONAL SOLAR ALLIANCE
International Solar Alliance (ISA), an alliance of 121 solar resource-rich countries lying fully or partially between the Tropics of Cancer and Capricorn. ISA was jointly launched by the Prime Minister, Mr. Narendra Modi, and the then President of France, Mr. François Hollande, on November 30, 2015, in Paris, France on the sidelines of the 21st Conference of Parties (CoP 21) to the United Nations Framework Convention on Climate Change. The ISA Framework Agreement was opened for signature on 15 November 2016 in Marrakech, Morocco, on the sidelines of CoP-22.
The vision and mission of the International Solar Alliance is to provide a dedicated platform for cooperation among solar resource-rich countries that lie completely or partial between the Tropics of Capricorn & Cancer, the global stakeholders, including bilateral and multilateral organizations, corporates, and industry to make a positive contribution to assist and help achieve the common goals of increasing the use of solar energy in meeting energy needs of prospective ISA member countries in a safe, convenient, affordable, equitable and sustainable manner.
In conformity with the ISA Framework Agreement, 30 days after ratification by the 15th country, on December 6, 2017, ISA became the first full-fledged treaty-based international intergovernmental organization headquartered in India. Through this initiative, the countries, inter alia, share the collective ambition: (i) to address obstacles that stand in the way of rapid and massive scale-up of solar energy; (ii) to undertake innovative and concerted efforts for reducing the cost of finance and cost of technology for immediate deployment of competitive solar generation; and (iii) to mobilise more than 1000 Billion US Dollars of investments by 2030. The Government of India has committed Rs.175 crore for setting up of ISA and till date released a sum of Rs 145 crore for creating a corpus fund, building infrastructure and meeting day to day recurring expenditure.
On March 11, 2018, the Prime Minister of India, Shri Narendra Modi and the President of France, Mr. Emmanuel Macron co-hosted the founding conference of the International Solar Alliance (ISA). 48 countries, including 25 Heads of States participated in this conference. In addition, there were representations from the United Nations, multilateral development banks, energy-related think tanks, corporate sector, and civil society.
The Delhi Solar Agenda, adopted in the Founding Conference of the ISA, states that the ISA member States inter-alia have agreed to pursue an increased share of solar energy in the final energy consumption in respective national energy mix, as a means of tackling global challenges of climate change and as a cost-effective solution by supporting and implementing policy initiatives and participation of all relevant stakeholders, as applicable, in respective States.
Till date, out of 121 prospective member countries that lie either fully or partially between the Tropics of Cancer and Capricorn, 70 countries have signed the Framework Agreement of the ISA. 44 of these countries have ratified the ISA treaty.
The first Assembly, in a way, will lay the foundation for global Solar Agenda. The Assembly, as supreme decision-making body of the ISA, will steer the process to significantly harness solar energy for achieving universal energy access at affordable rates. The Assembly will adjudicate upon various administrative, financial and programme related issues. Hon’ble Ministers from ISA countries have been invited for the Assembly. The countries that have ratified the ISA Treaty Framework will attend the Assembly as Members. Countries that have signed but are yet to ratify the ISA Treaty Framework will attend the Assembly as Observers. Till date, 75 country delegations have confirmed participation. This includes 36 member countries, 24 observer countries, 12 prospective member countries and 3 partner country. Ministerial-level participation has been confirmed by 22 member countries, 10 observer countries and 3 prospective member countries.
THE INDIAN OCEAN RIM ASSOCIATION
The Indian Ocean Rim Association was set up with the objective of strengthening regional cooperation and sustainable development within the Indian Ocean Region with 21 Member States and 7 Dialogue Partners. India will be hosting 2nd IORA Renewable Energy Ministerial meeting. In this meeting, Ministers from 9 member countries and delegates from all 21 member countries are expected to participate. India, Australia, Iran, Indonesia Thailand, Malaysia, South Africa, Mozambique, Kenya, Sri Lanka, Tanzania, Bangladesh, Singapore, Mauritius, Madagascar, UAE, Yemen, Seychelles, Somalia, Comoros, and Oman are members of IORA.
The 2nd RE-INVEST aims at accelerating the worldwide effort to scale up renewable energy and connect the global investment community with Indian energy stakeholders. 2nd RE-INVEST will include a three-day Conference on renewables, cleantech and future energy choices, and an Expo of renewables-related manufacturers, developers, investors, and innovators.
The 2nd RE-INVEST will provide a great opportunity to various countries, states, business houses & organizations to showcase their business strategies, achievements, and expectations. It would facilitate collaboration and cooperation with key stakeholders in India, which has today emerged as one of the world’s largest renewable energy markets.
The 2nd RE-INVEST is expected to be attended by Ministerial Delegations from across the world including ISA and IORA Member Countries, over 600 global industry leaders, and 10,000 delegates. 15 Indian states will participate, there will be 7 focused country presentations, and over 150 speakers including 55 international speakers from 15 countries will speak at the event. RE-INVEST includes 50 plenary and technical sessions, a special Chief Ministerial plenary session, exhibition with over 100 exhibiting companies, and focused sessions on Start-ups and Human Resource Development.
Globally, India stands 5th in renewable power, 4th in wind power and 5th in solar power installed capacity. India is one of the world’s largest green energy markets, with the exponential increase in demand and supply. Renewable energy development and deployment have received proactive policy support, including 100% foreign investment. The Government of India is aiming to exceed the set target of 175 GW renewable energy capacity by 2022.
RE-Invest is a global platform to explore strategies for the development and deployment of renewables. It showcases India’s green energy market and the Government’s efforts to scale up capacity to meet the national energy demand in socially, economically and ecologically sustainable ways. The 2nd Global RE-Invest will build upon the success of RE-Invest 2015 and provide an international forum to established players as well as new segments of investors and entrepreneurs to engage, ideate and innovate.