India, France launch $1 Trillion Potential Solar Programme under ISA
India and France have launched a programme with $1 trillion potential Solar Programme under the International Solar Alliance (ISA) to help developing countries harness fully their solar resources for a clean energy future.
The solar finance programme was announced by Minister of State for Power Piyush Goyal and French Environment Minister Segolene Royal at the ministerial side event on ISA at the United Nations.
Objectives of Solar Finance Programme :
⇒ The solar finance programme aims to lower the cost of finance and facilitate the flow of more than $1 trillion investment to members of the International Solar Alliance (ISA).
⇒ They also launched a second programme at the ISA meeting which aims to make available solar technology for farmers. The meeting was attended by representatives of over 25 countries including the US, Brazil, Bangladesh and Nigeria.
International Solar Alliance (ISA) was launched at the 2015 Paris Climate Change Summit by Prime Minister Narendra Modi and French President Francois Hollande.
It seeks to empower solar-rich countries located between the tropic of Cancer and the tropic of Capricorn, many of which have at least 300 days of sunshine, and share common challenges and opportunities.
Prime Minister of India Narendra Modi and the President of France Francois Hollande, jointly laid the foundation stone of the International Solar Alliance (ISA) Headquarters and inaugurated the interim Secretariat of the ISA in National Institute of Solar Energy (NISE), Gwalpahari, Gurgaon on 25 January 2016.
The Union government has dedicated 5 acre land in NISE campus for the ISA Headquarters and also has contributed Rs. 1.75 billion (US$26 million) for ISA campus fund and also for meeting expenditure for initial five years.
ISA seeks to share collective ambitions to reduce the cost of finance and technology that is needed to deploy solar power widely; generation and storage technologies would be adapted to the individual countries’ needs.
Solar power in India
Solar power in India
India is naturally blessed with abundant of sun light as it has about 300 clear, sunny days in a year, theoretically calculated solar energy incidence on its land area alone, is about 5,000 trillion kilowatt-hours (kWh) per year. The solar energy available in a year exceeds the possible energy output of all fossil fuel energy reserves in India.
India has ambitious targets of achieving renewable energy that it will generate more than 175GW of renewable energy capacity by 2022 and decrease emissions by 33 to 35 percent by 2030. India will endorse clean energy, sustainable environment, public transport and climate adaptive agriculture through this initiative.
In June 2015 the ruling NDA government had revised India’s solar power target from 20,000 MW to 100,000 MW by 2022. Currently, India has a total of 5,547 MW grid-connected solar power projects. As per estimates, India needs Rs.6 trillion to scale up capacity to 100 GW.
Application of Solar power
♦ Rural electrification
Arrange the following states on the basis of solar power generation capacity in ascending order
Arrange in correct order