In
terms of its Framework Agreement, with ratification by Guinea as the 15th country
on 6th November 2017, the International Solar
Alliance (ISA) will become
a treaty-based
international intergovernmental organization tomorrow on 6th
December 2017.
The
ISA, headquartered in India, has its Secretariat located in the campus of
National Institute of Solar Energy, Gwalpahari, Gurgaon, Haryana.
The ISA is an Indian
initiative, jointly launched by the Prime Minister of India, Shri Narendra Modi
and the President of France on 30th November
2015 in Paris, on the sidelines of COP-21,
the UN Climate Conference. It
aims at addressing
obstacles to deployment at scale of solar energy through better harmonization
and aggregation of demand from solar rich countries lying fully or partially
between the Tropic of Cancer and Tropic of Capricorn. As of
date, 46 countries have signed and 19 countries have ratified the Framework
Agreement of ISA.
Signatory
Countries (46)
Australia,
Bangladesh. Benin, Brazil, Burkina Faso, Cambodia, Chile, Costa Rica,
Democratic Republic of Congo, Comoros, Cote d’Ivoire, Djibouti, Cuba, Dominican
Republic, Ethiopia, Equatorial Guiana, Fiji, France, Gabonese Republic, Ghana,
Guinea, Guinea Bissau, India, Kiribati, Liberia, Madagascar, Malawi, Mali,
Mauritius, Nauru, Niger, Nigeria, Peru, Rwanda, Senegal, Seychelles, Somalia,
South Sudan, Sudan, Tanzania, Tonga, Togolese Republic, Tuvalu, UAE, Vanuatu,
and Venezuela
Ratifying
Countries (19)
India, France,
Australia, Bangladesh, Comoros, Cuba, Fiji, Guinea, Ghana, Malawi, Mali,
Mauritius, Nauru, Niger, Peru, Seychelles, Somalia, South Sudan, and Tuvalu
ISA Interim
Secretariat has been operational as a de-facto
organization since 25th January, 2016. Three
programmes
- Scaling
Solar Applications for Agriculture Use, Affordable Finance at Scale,
and Scaling Solar Mini-grids - have
been launched.
These
programmes will help in achieving the overall goal of increasing solar energy
deployment in the ISA member countries for achieving universal energy access
and speeding up economic development. In addition to
the existing 3 programmes, ISA has initiated plans to launch two more programmes: Scaling
Solar Rooftops and Scaling Solar E-mobility and
Storage.
Further, ISA has
also been developing a Common Risk
Mitigating Mechanism (CRMM) for
de-risking
and reducing the financial cost of solar projects in the ISA member countries. The
instrument will help diversify and pool risks on mutual public resources and
unlock significant investments. An international
expert group has been working on the blue print of the mechanism and it will be
rolled out by December 2018.
Another major
initiative is establishment of Digital Infopedia which
will serve as a platform to enable policy makers, Ministers and corporate
leaders from ISA countries to interact, connect, communicate and collaborate
with one another.
The
interactive platform was operationalized on 18th May
2017.
Digital
Infopedia will have three heads: (a) Member
countries counter for investment opportunities; (b) at
least 1000 best practices on solar energy (audio/visual), and
(c)
Member countries of ISA and the ISA Secretariat audio and visual interaction.
The Paris
Declaration establishing ISA states that the countries share the collective
ambition to undertake innovative and concerted efforts for reducing the cost of
finance and cost of technology for immediate deployment solar generation assets. This
will help pave the way for future solar generation, storage and good
technologies for each prospective member countries’ individual
needs, by effectively mobilizing more than US$1000 billion in investments that
will be required by 2030.
India has
offered to meet ISA Secretariat expenses for initial five years. In
addition, the Ministry of External Affairs, Government of India has set aside
US$2 billion for solar projects in Africa out of Government of India's US$10 billion
concessional Line of Credit (LOC) for
Africa.
Government
of France has also earmarked Euro 300 million soft loan for solar related
projects in ISA member countries.
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RM/VM