India and France join hands in pushing massive deployment of solar energy

India and France join hands in pushing massive deployment of solar energy

But what the renewable energy future holds for the South Asian giant will be critical for the world, climate change experts say.

Owned by Delaware River Solar, the project received close to $1.3 million from the governor's $1 billion NY-Sun initiative, which is part of his mandate that half of all electricity consumed will come from renewable energy sources by 2030, the release said.

Any duty would hurt big project developers in India such as SoftBank-backed SB Energy but would be good for local solar component makers such as Indosolar and Moser Baer, which have struggled to compete with Chinese companies such as Trina Solar and Yingli.

During the past few months, Vectren has been working with Orion Renewable Power Resources, a joint venture between Orion Renewable Energy Group and MAP Renewable Energy, to select, secure and eventually develop the Troy, Indiana property.

"This signing is an important milestone for the Bank in its efforts to lead the continent's transformation towards sustainable energy, through the use of solar technologies, and in its bid to reach universal access to energy in Africa", said Amadou Hott, Vice President, Power, Energy, Climate and Green Growth at the African Development Bank.

French President Emmanuel Macron met Monday in the country with ENGIE CEO Isabelle Kocher and Indian Prime Minister Narendra Modi for the inauguration of the Mirzapur solar power plant, a 101 megawatt facility contracted to the French company in 2016.


Emerging economies will get the assistance in the form of loans and donations, over and above the 300 million euros ($369m) France had already committed in 2015, AFP reported.

ISA member countries undertake to amalgamate and harmonise their requests for finance, technologies and innovation to create a common market in order to lower costs, strengthen quality control, better adapt products to needs and improve technologies.

The International Solar Alliance is a treaty based inter-governmental alliance of 121 sunshine-rich countries that lie fully or partially between the Tropics of Cancer and Capricorn.

The solar energy sector, facing a challenge of funding, received considerable support at the conference.

According to Economic Times, President Macron said that there are financing and regulation hurdles for achieving the target which need to be cleared by government, private sector and civil society coming together.

At least 23 heads of states and governments from all over the world attended the conference. Around 1,18,600 solar panels have been set up in over 380 acres.

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