AfDB's 10000MW Desert to Power solar initiative garners global support

India commits $1.4 billion for solar energy worldwide

Renewable-energy analysts say that the money has the potential to dramatically expand solar technology in these nations, but others argue that governments should instead focus on removing barriers that slow the growth of renewable energy.

Government leaders flock to India for the International Solar Alliance summit Leaders from 40 countries have come to India to participate in the world's first official International Solar Alliance summit.

This involves technical assistance, knowledge transfer, funding for off-grid projects and large-scale independent solar power producers.

Now comes the news that the French government will be committing €700 million in investment to this alliance.

"A press statement made available to the Ghana News Agency (GNA) by the bank, said the ISA under the agreement would support its 'Desert to Power" initiative meant to turn the continent's desert into new sources of energy.

The ISA initiative was launched at the United Nations climate change conference in Paris in November 2015, by Prime Minister Narendra Modi and former French President Francois Hollande.

For the uninitiated, the ISA is a treaty-based alliance of over 120 countries, majority being "sunshine countries", which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn. He said the member countries of the ISA would ensure distribution of finance and expertise.

ENGIE said it signed more solar and wind power projects with a combined capacity of 608 MW of peak capacity, with the majority coming from solar energy. The country committed €300 million in 2015.

These solar projects will power infrastructure including health centres, high schools, street-lighting and drinking water supply in the countries.

Chairman of the Assembly's Committee on Energy Michael J. Cusick said, "Once again, New York State accomplished an enormous milestone, with concerns to reducing greenhouse gas emission, by completing the state's largest community solar project".

According to the head of Solar Ventures, market parity is achieved solar energy despite the "countless subsidies to fossil fuels".

Reuters also reported in January that solar modules worth more than $150 million were stuck at various Indian ports due to a dispute over their classification and the import tax applicable to them.



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