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DAILY NEWS ANALYSIS

  • 02 November, 2023

  • 2 Min Read

International Solar Alliance Assembly

India hosts the 6th Assembly of the International Solar Alliance (ISA) started in New Delhi in 2023. ISA Assembly – It is the apex decision-making body of ISA and meets annually at the ministerial level at the ISA’s seat.

International Solar Alliance (ISA) is an international organisation with 109 member countries which works to improve energy access and security worldwide and promote solar power as a sustainable way to transition to a carbon-neutral future.

  • Presidency - The Republic of India holds the office of the President of the ISA Assembly, with the Government of the French Republic as the co-president.
  • Participants – Member and signatory countries.
  • Activities – It makes decisions concerning the implementation of the ISA’s Framework Agreement.
  • It assesses the aggregate effect of the programmes and other activities in terms of deployment of solar energy performance, reliability, cost, and scale of finance.

Renewable energy sources have the potential to supply 65% of the world's total electricity by 2030 and decarbonise 90% of the power sector by 2050.

6th Assembly of ISA

  • President – Union Minister for Power and New & Renewable Energy, Government of India.
  • Deliberation – On 3 critical issues energy access, energy security, and energy transition.
  • Focus
    • Universalisation of energy access through solar mini-grids.
    • Mobilising Finance for accelerated solar deployment.
    • Diversifying supply chains and manufacturing for solar.
  • Decisions – It decides to increase Viability Gap Funding Cap for solar projects from 10% up to 35% of project cost.

ISA will share India’s successful practices with developing countrie

Source:


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