Macron announces additional 700 million euros for solar energy

Indian Prime Minister Narendra Modi right welcomes French President Emmanuel Macron at the International Solar Alliance founding conference in New Delhi India Sunday

The treaty-based organisation, launched by Indian prime minister Narendra Modi in 2015, aims to promote solar energy in 121 countries.

Venezuelan President Nicolas Maduro, Sri Lankan President Maithripala Sirisena and Bangladesh President Abdul Hamid were among the world leaders who attended the summit.

'In this regard, they welcomed the establishment, within the International Solar Alliance, of an international committee of chambers of industry, and the willingness of the MEDEF, SER, FICCI and CII among others to join it, ' the statement said. The Alliance also promised to find innovative financing mechanisms capable of building market for cost effective solar technologies along with positive policy initiatives to prompt public and private investments to bring down solar project expenses in developing countries.

Irena's project facilitation tools and platforms such as the Global Atlas for Renewable Energy, the Project Navigator, and the Sustainable Energy Marketplace will be made available to ISA, in support of its project-focused work in countries. The member states in the Alliance also pledged to "facilitate affordable finance, access to appropriate, clean and environment friendly technology and undertake capacity building, including forging mutually beneficial partnerships with reputable worldwide institutions and reputable financial institutions for the benefit of developing countries". Shaker said that by signing the agreement, Egypt will become a founding member of ISA because of its numerous sources of renewable energy, especially solar.

Macron reiterated that France has allocated in the recent three years some $300 million euros for various projects in the world, so thus the total amount will reach $one billion euros. "Consultancy support should be developed for bankable solar projects in developing nations".

"All of us her have experienced global warming". "We should not forget that we only have one planet and we are sharing it and for that there is no alternative".

Sri Lanka's Chandimal receives two-match suspension for slow over-rate
The management have done a wonderful job at training sessions. "This result shows how good we are as a team", Chandimal had said. India chased down 140 easily with Bangladesh spinners not posing any threat to the India by bowling flat more often than not.

President Macron said that countries represented at ISA represent three-fourths of the world population. The adoption of the Delhi Solar Agenda underpins the grouping's target of raising $1 trillion investments for creating 1,000 GW, or 1 terra watt, of solar power capacity by 2030. The country has increased its solar power capacity by about eight times over the past four years.

As many as 60 nations have signed the agreement to join ISA, while 30 have already ratified the agreement and made it possible to make it a legal entity in December past year.

Speaking on the occasion, Macron said United States dollars 1 trillion will be needed to achieve one terawatt (TW) of solar power capacity by 2030.

"Each country with its solar energy potential will identify here their needs and how much finance they need". ISA already lists 121 mission projects. Solar and wind power tariffs have dropped to an all-time low of Rs 2.44 per unit and Rs 3.46 per unit, among the lowest in the world.

India's wind power generation capacity is 32.8 GW.

Of these, 100 GW is to come from solar and 60 GW from wind.

Related News:

Most liked

Browns to acquire CB Damarious Randall
Taylor completed 62.6 percent of his passes, throwing for 2,799 yards and 14 touchdowns while being intercepted just four times. It also meant there was just no way the Browns planned on allowing Kizer to be a starter for the team again.

Voting for Araria Lok Sabha seat and Assembly Constituencies of Bhabua & Jehanabad
The voters of Mayawatiji have deserted the BSP and have reposed their faith in Modiji, Yogi and BJP. The Bhabua assembly seat was vacated after the death of the BJP's Anand Bhushan Pandey.

Gov. Baker, Tom Brady shave their heads for charity
Brady is going to have a shaved head because he made a decision to cut almost all of his hair off on Thursday for charity. Sitting next to MA governor Charlie Baker , Brady had his head shaved - all for a good cause.

Bihar bypolls: Voting underway for Araria Lok Sabha, 2 assembly seats
Bihar Congress chief Kaukab Quadri claimed that 137 EVMs had faced "technical glitches" and harmed the flow of voting. However, a total of 14 candidates including three women are in the fray.

Smith wins toss, Australia bat in second Test against South Africa
Even though Elgar and Amla put on 88 for South Africa for the third wicket, that stand took almost 3 1/2 hours and 278 balls. The Australians pushed hard to break it, and the two South Africans responded with determined defence to stay out there.

London King's Cross station closed after protest
Meanwhile, many passengers reacted on social media platforms to the protest targeting Manchester Picadilly Station. King's Cross in London has been closed today because of a pro-Kurdish demonstration at the station.

Mohammed Shami goes missing after wife Hasin Jahan files FIR against him
I am ready to face any investigation, but I really can't understand what prompted her to make some damaging allegations. He added that he doesn't want to intervene in her personal life anymore.

Utah Jazz vs New Orleans Pelicans: Lineups, preview & prediction 3/11/18
New Orleans scored the first six points of the second quarter, and the score was tied six more times in the period. The Jazz (37-30) were led by Ricky Rubio who tallied a game-high 30 points to go along with 10 rebounds.

Light snow possible Monday
A chance of snow is possible before 2 p.m., according to NWS, though no "significant winter storm" is expected. Temperatures tonight will be in the 30s and low 40s with a 20% chance for a few spotty showers.

Mexico, Canada may be exempted from tariffs
Several spoke of how excessive "dumping" of steel and aluminum imports had negatively affected their jobs and families. The import tariffs are likely to face retaliation from America's top trading partners, the European Union and China.

Khloé Kardashian Hosted the Cutest All-Pink Baby Shower
Kardashian celebrated three of her besties, Malika and Khadijah Haqq and Jen Atkins by singing happy birthday and having festive cakes made in their honor.

Texas primary turnout buoys Democrats' hopes again
Democrats feel more confident this election season due to the continued unpopularity of President Donald Trump . Cruz and his Democratic challenger who has generated national excitement despite facing long odds, U.S.

Sean McDonough Won't Return to MNF; Joe Tessitore to Do Play-by-Play
A few weeks ago we learned Jon Gruden was leaving ESPN's Monday Night Football broadcasts for the NFL sideline. ESPN has announced that Monday Night Football will have a completely new team "in the booth" next season.

Xi is China's President for life
President Xi Jinping has become a strong face in China's politics. I was discussing with my friends and we were enraged.

United Nations chief says Philippines president Duterte needs "psychiatric evaluation"
Special Rapporteur on the rights of indigenous peoples Victoria Tauli-Corpuz and former leftist Rep. He also challenged Duterte for pushing the fake terrorist list. "Ms.