25th Jan, 2016
Prime Minister Narendra Modi and French President Francois Hollande jointly lay the foundation stone of its headquarters and inaugurate its interim secretariat at the National Institute of Solar Energy (NISE) in Gurgaon. "The ISA will be an alliance of 121 solar rich countries lying between the Tropic of Cancer and Tropic of Capricorn (Sunshine countries)," Tripathy said. "Many countries expressed interest in becoming members, but only those which lie between the tropics or have islands there are being admitted.
Others will function as partner countries as opposed to member countries," he said. An international steering committee of the ISA held its first meeting in Abu Dhabi on January 18.
In its launch resolution, the ISA says it 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.
On this occasion, Indian Renewable Energy Development Agency (IREDA and Solar Energy Corporation of India (SECI) announced contribution of US $ 1 million each to the ISA corpus fund.
It will mobilise more than 1000 Billion US Dollars of investments needed by 2030 for the massive deployment of affordable solar energy.
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