Renewable energy for every village
Technology holds the key to scale up the use of solar energy and the technological achievements have already brought about a significant reduction in the price of solar power, Prime Minister Narendra Modi has told an international summit.
“A further reduction in the cost will provide a major boost to the use and expansion of renewable energy,” he said in a message at the inaugural session of First World Solar Technology Summit (WSTS).
Modi expressed confidence that the summit will help in help in developing new technologies and ensure that they become available to all.
World Solar Technology Summit was organised by ISA and FICCI on 8 Sept 2020.
The Prime Minister reiterated that five years ago, world leaders had taken a pledge to restrict the rise in global temperature through a gradual reduction in the dependence on fossil fuels.
Underlining India’s commitment to lowering carbon footprints, he stressed that “India has the lowest per-capita carbon emissions in the world but we have still pressed ahead with deployment of renewable energy at a frenetic pace”.
Speaking on the fast growth of Renewables in India, he further informed that India has enhanced its installed renewable capacity by 2.5 times and increased our solar installed capacity by more than 13 times.
“Globally India now ranks 4th in terms of Renewable power,” Modi said.
The Prime Minister also informed that “we have scaled our non-fossil fuel-based power generations to 134GW, which is about 35% of our total power generation. We are confident of increasing it to 220 GW by 2022.
“We want to take renewable energy to every village of our country. Our government has implemented a scheme named KUSUM that aims to replace the use of diesel in our farm sector with solar energy. Under this scheme, we have targeted the solarisation of 2.8 million irrigation pumps. Such schemes will not only benefit the environment but also increase the income of our farmers.”
Referring to India’s support to ISA member countries the Prime Minister said, “India is providing capacity-building support to ISA member countries through its ITEC training programme.
In 2018, the Indian Government had announced about US$1.4 Billion worth of lines of credit (LOCs) for covering 27 solar projects across 15 countries. These projects are in various stages of implementation, he pointed out.
“The ISA is a part of “One World One Sun One Grid” project, I firmly believe that this project can bring transformational benefits for the entire humanity.”
The Gurugram-headquartered International Solar Alliance (ISA) is a treaty-based international intergovernmental organization. ISA was jointly launched by India and France in the presence of the Secretary-General of the UN during CoP21.
The Paris Declaration establishes ISA as an alliance dedicated to the promotion of solar energy among its Member Countries.
The major objectives of the organization include the deployment of 1000 GW of solar capacity and mobilization of US$ 1000 billion of investment in the solar energy sector by 2030.
As an action-oriented organization, ISA intends to bring together member countries to aggregate demand and realise economies of scale, resulting in reduction of costs of solar applications, facilitating the deployment of existing solar technologies at scale, and promoting collaborative solar R&D and capacity.
As on June 26 2020, the ISA Framework Agreement has been signed by 86 countries, with 68 having also deposited instruments of ratification. #solar #energy #OPEC #IEA #IEF #wind /fiinews.com
