Solar Alliance comes into existence

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Mains Paper 2: IR | Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests

From UPSC perspective, the following things are important:

Prelims level: Particulars of the ISA

Mains level: India’s contribution to the ISA


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International Solar Alliance (ISA)

  1. The International Solar Alliance (ISA) came into legal, independent existence
  2. It is India’s global initiative that aims at increasing solar energy deployment in member countries
  3. How it is different: It is the first treaty-based international intergovernmental organisation to be based out of India

Particular of the Alliance and India’s contribution to it

  1. So far, 19 countries are part of the compact — Bangladesh, Comoros, Fiji, France, Ghana, Guinea, India, Mali, Mauritius, Nauru, Niger, Seychelles, Somalia, South Sudan, Tuvalu, Australia, Cuba, Malawi and Peru
  2. The ISA, also sees itself as on a mission to mobilise more than $1000 billion in investments needed by 2030 for “massive deployment” of solar energy
  3. As part of the agreement, India will contribute $27 million (Rs. 175.5 crore approx) to the ISA for creating corpus, building infrastructure and recurring expenditure over five years from 2016-17 to 2020-21
  4. In addition, public sector undertakings of the Government of India, Solar Energy Corporation of India (SECI) and Indian Renewable Energy Development Agency (IREDA), have made a contribution of $1 million (Rs. 6.5 crore) each for creating the ISA corpus fund
Solar Energy – JNNSM, Solar Cities, Solar Pumps, etc.
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