International Solar Alliance: A Big Hope For Green Energy

International Solar Alliance

PM Modi recently unveiled the 75 MW Solar Power Plant in Mirzapur, Uttar Pradesh, along with French President Emmanuel Macroon. Spread over 155 hectares, it is the largest solar power plant in UP. There are about 1 lakh 19 thousand solar panels in it.

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It was constructed by French company ‘Nagi’ at the cost of around Rs 500 crore. This plant will generate 15.6 million units every year and one crore three million units of electricity per month. Earlier, addressing the International Solar Alliance (ISA) Summit in New Delhi, PM Modi said that India had started the world’s largest renewable energy program.

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  1. Under the leadership of PM Modi, India is to speed up its renewable energy capacity. The objective of the International Solar Alliance Summit is to combat climate change with low-cost resources of renewable energy as well as India’s efforts to achieve a leading role among the developing countries. Prime Minister Modi’s ambitious initiative was attended by the representatives of 121 countries from across the globe in the ISA Summit. America and China have also been interested in ISA.
  2. During the ISA Summit, PM Modi said that India had started the world’s largest renewable energy program. Under this, aims to generate 175-gigawatt electricity from Renewable Source by 2022. Solar Energy’s share will be of 100 GW. This will be more than twice the country’s renewable energy capacity.
  3. India’s current renewable energy capacity is around 63 GW. Experts estimate that to achieve the goal of production of 175 GW of renewable energy by 2022, India will need more than $ 83 billion or more than 5 lakh crore rupees.
  4. Solar power is a fast growing industry in India. India has increased its solar power production by about 8 times since 2014. In May 2014, India produced 2,650 MW solar powers, which has increased to 20 GW by January 2018.
  5. Along with solar energy, India’s emphasis is on nuclear energy. At present, India’s nuclear power generation capacity is 6.8 GW, which is just 2% of the country’s total energy production capacity. India has targeted to increase its nuclear power capacity by 9 times by 2032.
  6. With the help of France, India is going to build the world’s largest nuclear power plant in Jaitapur in Maharashtra. On completion of the Jaitapur Power Project, its production capacity will be 9.6 GW, and it will become the world’s largest nuclear power plant.
International Solar Alliance
International Solar Alliance

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  1. The main objectives of the International Solar Alliance include the creation of 1,000 GW of solar generation capacity around the world and by investing $ 1 billion in Solar Energy by 2030. The headquarters of the ISA is located in Gurgaon.
  2. Solar energy is very cheap in India, and its price has come down to a minimum level of 2.44 per unit. Apart from this, the cost of electricity generated by air has also come down to the minimum level of 3.46 rupees per unit.
  3. India is not only focusing on enhancing its renewable energy capacity but also offered help for solar projects in member countries of the International Solar Alliance. India has offered $ 139.2 million credit for solar projects in Bangladesh and Sri Lanka along with African countries in the Summit.
  4. India has stated in the ISA Summit that it has created a Project Preparation Facility to help member countries in preparing projects for financing at a lower interest rate.
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