PM Modi, Hollande Jointly Launch Solar Alliance, Pledges India's Assistance Of $30 Mn

"I am honoured to co-author the preface with him," Modi said, adding that, "since ancient times, different civilisations have given a special place to Sun." Modi called on advanced countries to leave enough carbon space for developing countries to grow as he said this would mean a growth path with lighter carbon footprint.

"So, convergence between economy, ecology and energy should define our future. The vast majority of humanity is blessed with generous sunlight round the year. Yet, many are also without any source of power. This is why this alliance is so important," he said.

"We want to bring solar energy into our lives and homes, by making it cheaper, more reliable and easier to connect to grid. We will collaborate on research and innovation. We will share knowledge and exchange best practices," he added.

Modi said as part of the initiative, countries will cooperate on training, building institutions, discussing regulatory issues and promote common standards.

"We will attract investments in the solar sector, encourage joint ventures and develop innovative financing mechanisms. We will partner with other international initiatives on renewable energy," Modi said of the alliance.

"There is already a revolution in solar energy. Technology is evolving, costs are coming down and grid connectivity is improving. It is making the dream of universal access to clean energy has become more real," Modi said.

"I am delighted with the industry response. As you put clean energy within the reach of all, it will create unlimited economic opportunities that will be the foundation of the new economy of this century," he said.

Officials said that there are over 100 countries which are solar-rich, lying fully or partially between the Tropics of Cancer and Capricorn.

These countries, all potential members of the ISA are united by a shared vision to bring clean, affordable and renewable solar energy within the reach of all, they said.Solar energy also is a practical and efficient way to reduce the greenhouse gas emissions.

With this in mind, countries have been invited by the objective of significantly augmenting solar power generation in their respective countries with a view to contributing to global, sustainable development.

Power Minister Piyush Goyal had said at this conceptual phase, around 50 countries will attend the launch.

He had said that there will be an international steering committee which will deliberate day after tomorrow on the contours and framework of this alliance.

There are around 15-16 countries which have expressed interest to part of the committee.
Read More: India, U.S. To Work Closely On Mission Innovation
Solar Alliance Shows India's Leadership in Clean Energy: Experts