India and France join hands in pushing massive deployment of solar energy

Rooftop solar energy systems getting larger as households tempted by falling prices and increased capacity

Falling prices and increased capacity are encouraging households to install larger rooftop solar systems. Image Pixabay

At the invitation of Prime Minister Shri Narendra Modi, French President Mr Emmanuel Macron paid a State Visit to India from 10 to 12 March 2018.

"That's more than twice the capacity that the USA added across all energy sources in 2016, after subtracting retiring plants, and less than eight gigawatts of the total were solar", the magazine said.

New York Governor Andrew Cuomo recently announced $1.4 billion in funding for 26 large-scale renewable energy projects across the state, the single largest commitment to renewable energy by a state in USA history.

The joint financial partnership seeks to inject $1,000 billion into solar energy by the year 2030.

In Mongolia, the GCF funding of $50 million in grant and $95 million in loan will supplement the $399 million from ADB and other partners to provide Ulaanbaatar's peri-urban areas (ger areas) with 100 hectares of eco-districts that are low carbon, climate resilient, and livable and 10,000 green housing units that are energy efficient, affordable, and utilize renewable energy. Both parties will also develop finance instruments for off-grid solar projects, as well as large-scale solar independent power producers for African ISA member countries.

France and India have reaffirmed their commitment to lead the fight against climate change and the push for massive deployment of solar energy.

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The International Solar Alliance is a treaty based inter-governmental alliance of 121 sunshine-rich countries that lie fully or partially between the Tropics of Cancer and Capricorn.

Speaking at New York University last week, New York State Governor Andrew Cuomo - joined by former Vice President Al Gore - announced the single-largest commitment to renewable energy by any U.S. state, which is worth $1.4 billion, and approved 26 large-scale renewable energy projects across New York.

Tripathy added: "While solar is fast becoming one of the most cost-effective ways to generate new power and deliver energy access, to deploy fast enough, complementarity must exist between our work and the broader renewable energy mandate and development tools established by Irena".

In support of the deployment of solar power, Prime Minister Modi and President Macron also jointly inaugurated a 75-megawatt (MW) solar plant built by a French company in the Indian state of Uttar Pradesh. Heads of state of 23 nations were present at the event.

The report noted that there were no corporate M&A deals in solar during 2017. Power would be transmitted to Jigna sub-station of Mirzapur range of Uttar Pradesh Power Corporation Ltd, officials said.

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