She added that in a recognition of this responsibility, India has provided support worth US$ 27 million towards hosting the ISA secretariat, created an ISA corpus fund, offered training support for ISA member countries at National Institute for Solar Energy (NISE) and also provided support for demonstration projects for solar home lighting, solar pumps for farmers and for other solar applications.
The Asian Development Bank (ADB) and the International Solar Alliance (ISA) today signed a cooperation arrangement to promote solar energy deployment in Asia and the Pacific.
The Delhi Solar Agenda emphasised that "our endeavour has the potential to achieve sustainability by generating growth, enhancing skills, creating jobs, unleashing entrepreneurship, fostering innovation and increasing incomes". The aim is to raise the trillion dollars needed to develop 1 terawatt of solar energy capacity by 2030.
Continuing with this co-operative effort, Modi said, "India will be providing assistance to the tune of $1.4 billion for 27 new projects in 15 developing countries". We should build a comprehensive network of centres of excellence keeping local circumstances and factors in mind.
Solar energy policy has to be to looked at in totality for development so that it can contribute to achievement of sustainable development goals (SDGs), he said.
"It is evident that there has been a huge surge and interest in joining the ISA", T S Tirumurti, Secretary (Economic Relations) in the Ministry of External Affairs, told reporters here. He further announced that India is all set to produce 175 gigawatts of electricity from renewable resources by 2022.
"We have started world's largest solar power programme in India". It was an outreach to countries of the global south to fill the crucial demand for affordable, reliable, clean energy crucial to improving living standards and way out of poverty for millions.
At present, the country's renewable energy installed capacity is 63 GW.
In the last few years, cheaper supply of panels and modules helped India bring down per unit solar tariffs to the level where the technology could compete with fossil fuel-generated electricity.
These countries have "the paradox of being the sunniest in the world while enjoying the least solar energy", said Ségolène Royal, a former French minister in India as a special envoy for the alliance.
Till Thursday, 60 countries had signed the framework agreement of the ISA and 30 submitted the instruments of ratification.
"Vedas consider the sun as the soul of the world, it has been considered as a life nurturer". Moreover, ISA has been registered (No. 54949) under the United Nations (UN) under article 102 of the UN charter, with effect from February 9, 2018.
Heads of 23 nations and 10 ministerial representatives of different countries have arrived in Delhi for the mega-event.
Solar energy can have a variety of uses - agriculture, solar water pumps, clean cooking.