International Solar Alliance (ISA ) is conceived as a coalition of solar resource rich countrieslying fully or partially between the Tropic of Cancer and the Tropic of Capricorn to address their special energy needs and will provide a platform to collaborate on addressing the identified gaps through a common, agreed approach.ISA has been envisioned as a specialized platform and will contribute towards the common goal of increasing utilization and promotion of solar energy and solar applications in its member countries.
The Paris declaration on International Solar Alliance 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 of competitive solar generation, financial instruments to mobilise more than 1000 Billion US Dollars of investments needed by 2030 for the massive deployment of affordable solar energy and to pave the way for future solar generation, storage and good technologies for countries’ individual needs.
The Paris declaration on International Solar Alliance 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 of competitive solar generation, financial instruments to mobilise more than 1000 Billion US Dollars of investments needed by 2030 for the massive deployment of affordable solar energy and to pave the way for future solar generation, storage and good technologies for countries’ individual needs.
ISA Focus Area
To achieve the objectives, ISA will have five key focus areas:-
a. Promote solar technologies and investment in the solar sector to enhance income generation for the poor and global environment: Encourage member countries to promote investment in solar technologies/applications in areas of lighting, heating, cooling, distillation, desalination, disinfection, sterilization, pasteurization, pumping, storage, refrigeration, telecommunication, irrigation, drinking water supply, energy efficiency, etc. to promote income and welfare of the poor and make global environment more climate friendly;
b. Formulate projects and programmes to promote solar applications: Together and with partnership of member countries and with cooperation from international organizations, UN member countries, multilaterals, bi-laterals, corporates, non-profits, institutions of member and non-member countries of ISA, formulate projects and programmes to ensure solar light for energy deprived households by the year 2022;
c. Develop innovative Financial Mechanisms to reduce cost of capital: Partnering to develop innovative financial mechanism to access low cost, long tenure financial resources from bilateral, multilateral agencies and other sources;
d. Build a common Knowledge e-Portal: Build a knowledge platform, including a 24x7 e-portal for sharing of policy development experiences and best practices in member countries; and
e. Facilitate capacity building for promotion and absorption of solar technologies and R&D among member countries: Promote partnerships among R&D centres of member countries for application oriented research & development and delivering technologies to people as well as capacity building through training & educational programmes and exchange of officials/ entrepreneurs/sector experts/ students/interns/ apprentices, user groups etc.
LIST OF PROSPECTIVE MEMBER COUNTRIES AND TERRITORIES FOR ISA-121 INDIA IS MEMBER COUNTRY
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