For Prelims and Mains: ISA- key facts, significance and India’s solar power potential. To this end, in partnership with the ISA, the World Bank and the AFD launched the Solar Risk Mitigation Initiative (SRMI) at COP24 in 2018.• hedging instruments to protect against the financial risks inherent in renewable energy production projects, in order to guarantee the solvency of the suppliers.France is spending €50 million on financial guarantee instruments in order to mobilize private investment at the level of $3.9 billion in renewable energy projects and the installation of 1.6 GW new renewable energy capacity, primarily solar energy for projects below 50 MW in Africa.Training technicians and engineers in the field is an essential part of establishing local solar energy sectors. As part of the International Solar Alliance, India also wants to build a global solar energy grid, called “One sun, one world, one grid” (OSOWOG). This alliance is aimed at enabling co-operation amongst these sun-rich countries so as to increase the production of solar power and reduce the dependence on fossil fuels. The International Solar Alliance (ISA) is a joint initiative of France and India, launched during COP21 with the aim of making an unprecedented effort to promote solar energy. The idea behind the initiative is that the grid will be spread across different timezones so that, OSOWOG is significant not only as a global coordinated effort to fight climate change, but it could also serve as a counterweight to China’s OBOR initiative. In his most recent address to the nation, Indian Prime Minister Narendra Modi called the International Solar Alliance (ISA) India’s “gift to the world” in the fight against climate change. One-hundred-and-thirty-three professionals with different backgrounds and hailing from 25 member countries were trained by the National Institute of Solar Energy between September 2018 and March 2019. Notably, €380 million have been invested in projects in Africa, producing 650 MW of installed capacity.Working with the Minister for the Ecological and Inclusive Transition and the Minister for Europe and Foreign Affairs, and at the request of the President of the French Republic, Ségolène Royal is responsible for:All rights reserved - Ministry for Europe and Foreign Affairs - 2020 One example is the harmonization of public policies, regulations and prices between the countries, which reduces the uncertainties, strengthens the economic viability of solar projects and reassures the investors.The ISA aims to facilitate the installation of more than 1,000 GW additional capacity by 2030, with estimated funding of $1,000 billion over the same period.The ISA’s founding summit, which was held on 11 March 2018 in India, was chaired by the President of the French Republic, Emmanuel Macron, and the Indian Prime Minister, Narendra Modi.
With this in mind, the ISA, supported by the United Nations Industrial Development Organisation (UNIDO), is rallying nine regional renewable energy and energy efficiency centres, as well as almost 70 national institutes, in order to The ISA is also continuing its training programme for trainers, which is funded by India.

These funds have contributed to the development of more than 2.5 GW of solar capacity. The goal of the ISA is to set the ground rules, norms and standards for solar energy, in order to obtain a rapid and massive deployment in countries that are rich in solar resources but where the risks are still seen as high.

International Solar Alliance (ISA) was launched in 2015 by Prime Minister Narendra Modi and former President of France Francois Hollande at the 21st session of the United Nations Climate Change Conference of the Parties (COP-21) in Paris, France. The International Solar Alliance (ISA) is conceived as a coalition of solar resource-rich countries to address their special energy needs and was launched on 30 November 2015 by India and France to implement the Paris Agreement. It wants to provide clean and affordable solar energy to all. What to study? The topic, ‘International Solar Alliance’ comes under Mains GS-II and is important for IAS Exam. On the eve of the One Planet Summit, organized by the France, the United Nations and the World Bank in Paris on December 12th, and following the entry into force of the International Solar Alliance (ISA), Mrs Ségolène Royal, Special envoy for the implementation of the ISA and Mr Vinay Kwatra, Ambassador of India to France, will host a first meeting on the implementation of the Alliance, at the Ministry for Europe and Foreign Affairs.The International Solar Alliance (ISA) is a joint initiative of France and India, launched during COP21 with the aim of making an unprecedented effort to promote solar energy. International Solar Alliance .