- The ISA(International Solar Alliance) is an Indian initiative , for promoting solar energy, jointly launched by PM Narendra Modi and the president of France on 30th November 2015 in Paris, on the sidelines of COP-21, the UN climate conference.
- It is an alliance of more than 121 countries, most of them being sunshine countries, which come either completely or partly between the Tropic of Cancer and the Tropic of Capricorn.
- Headquarters :- Gwal Pahari, Gurgaon,Haryana
- The alliance’s primary objective is work for efficient exploitation of solar energy to reduce dependence on fossil fuels.
- So far, 19 countries are part of the pact — Bangladesh, Comoros, Fiji, France, Ghana, Guinea, India, Mali, Mauritius, Nauru, Niger, Seychelles, Somalia, South Sudan, Tuvalu, Australia, Cuba, Malawi and Peru.
- The ISA, also sees itself as on a mission to mobilise more than $1000 billion in investments needed by 2030 for “massive deployment” of solar energy, pave the way for future technologies adapted to the needs of moving to a fossil-free future and keep global temperatures from rising above 2 degree centig. by the end of the century.
- India has committed itself to having 175,000 MW of renewable energy in the grid by 2022.
- As part of the agreement, India will contribute $27 million (Rs. 175.5 crore approx) to the ISA for creating corpus, building infrastructure and recurring expenditure over five years from 2016-17 to 2020-21.
- In addition, public sector undertakings of the Government of India, Solar Energy Corporation of India (SECI) and Indian Renewable Energy Development Agency (IREDA), have made a contribution of $1 million (Rs. 6.5 crore) each for creating the ISA corpus fund.
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