Developing the blueprint for the future of Solar energy investments

Climate change is a reality. The impact of global warming is evident - the planet’s average temperature has risen by 1.62 degrees Fahrenheit since the late 19th century, a change driven largely by increase in carbon emissions. To combat climate change and reduce the dependence on fossil fuels, a historic agreement was signed at the COP21 in Paris to unleash actions and investment towards a low carbon, resilient and sustainable future. At the core of this Agreement, is the commitment to increase the share of renewable energy to meet the climate goals.

Why Solar Investment

As the world looks towards a future powered by sustainable green technologies, solar energy technology will lead the way and dominate global investments in new power generation. A partnership among International Solar Alliance, World Association of Investment Promotion Agency and Invest India is a step towards this future – this collaboration shall support investments in solar energy projects across solar rich countries in the world.

About

ISA & WAIPA

A treaty-based intergovernmental international organization headquartered India, ISA is a coalition of nations that aim to promote solar energy and its applications in the prospective solar rich countries. The initiative was launched at the COP21, the UN Climate Change Conference in Paris on 30 November by Indian Prime Minister Narendra Modi and French President Francois Hollande.  The ISA has set a target of achieving 1 TW of solar energy by 2030 and raise $1 trillion investments.

http://isolaralliance.org/Index.aspx

A non-governmental organization that provides opportunity for investment promotion agencies (IPAs) to network and exchange best practices in investment promotion.

http://www.waipa.org/

Memorundum of Understanding

Signed on 9th Sept 2018 at the Annual Investment Summit, Xiamen China

The partnership seeks to

  • Promote and facilitate investments in solar energy across solar rich countries

  • Build capacity and share global best practices on investment promotion

  • Develop a framework and policy instruments for investments in solar energy sector

  • Enhance intra-country collaboration among national IPAs, Energy departments, state and federal governments to promote and facilitate investments in solar projects

  • Enhance intra-country collaboration among national IPAs, Energy departments, state and federal governments to promote and facilitate investments in solar projects

Commitment

India’s Commitment to Solar Energy

In line with its commitment to reduce carbon emissions, India has set an ambitious target to install 100 GW solar power capacity by 2022. In the last four years, India’s solar capacity increased by over 9 times.

Our Achievements

  • India stands 5th globally in total solar power installed 

  • World’s largest Solar Park with 2GW capacity in Pavagada, South India

  • World’s first fully solar-powered airport is in India – Kochi International airport

  • India stands 5th globally in total solar power installed