President Maithripala Sirisena to visit Japan and India

The ISA’s five solar programs

The ISA’s five solar programs

Governor-General of Australia Sir Peter Cosgrove will arive arrive here on Saturday on a five-day visit to India, during which he will attend the founding conference of the International Solar Alliance (ISA) on Sunday, the Australian High Commission here said in statement on Friday.

The primary objective of the alliance is to work for efficient exploitation of solar energy to reduce dependence on fossil fuels.

The International Solar Alliance, a treaty based international inter-governmental alliance of 121 solar resource rich countries lying fully or partially between the Tropics of Cancer and Capricorn, was founded at the 2015 United Nations Climate Change Conference in Paris on 30th November 2015. The ISA was launched jointly by India and France in 2015.

"The leaders underlined their commitment to furthering and deepening concrete projects and programmes under the aegis of the ISA to mobilise affordable financing for massive solar energy deployment", the joint statement said.

"This means more people connected to the grid, at a better price". It is a big step towards greater global energy security.

International Solar Alliance's Interim Secretariat has been set up in Gurugram.

At the invitation of the Japanese Prime Minister Shinzo Abe, President Maithripala Sirisena will undertake a State visit to Japan from 12 to 17 March 2018, the Ministry of Foreign Affairs said.

Solar energy generation costs a lot of money and emerging markets find it hard to fund the projects.

President Sirisena will attend a business meeting organized by the Japan External Trade Organization, which will be co-hosted by the Japan Chamber of Commerce and Industry, and the Tokyo Chamber of Commerce and Industry.

The summit assumes significance in view of India's ambitious renewable energy target of having 175 GW of clean energy capacities including 100 GW solar and 60 GW wind power.

Since a bulk of the countries who are part of the ISA are from Africa, India has chose to use about $2 billion of the $10 billion line of credit promised to Africa for renewable energy projects in these countries.

This is unedited, unformatted feed from the Press Trust of India wire.

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