India, France launch $1 trillion potential solar programme for developing countries

[Abingdonboy]

India, France launch $1 trillion potential solar programme for developing countries

Power minister Piyush Goyal and French environment minister Segolene Royal.


UNITED NATIONS: India and France have launched a programme with $1 trillion potential to help developing countries harness fully their solar resources for a clean energy future to meet the "biggest challenge humanity has ever faced".

Power minister Piyush Goyal and French environment minister Segolene Royal announced on Friday the solar finance programme that aims to lower the cost of finance and facilitate the flow of more than $1 trillion investment to members of the International Solar Alliance (ISA).

A second programme they launched at the ISA meeting held during the signing ceremonies for the Paris Climate Change Agreement here aims to make available solar technology for farmers. The meeting was attended by representatives of over 25 countries including the US, Brazil, Bangladesh and Nigeria.

Goyal said the ISA initiatives were in "response to probably the world's largest challenge humanity has ever faced".

Beyond providing clean energy and dealing with climate change, the harnessing of solar energy was also about energy security, he said.

Royal said: "I would like to emphasise the cooperation we have had with India, which is exceptional."

"We will have to leverage our energies on (building solar) infrastructure," she said. The ISA member nations can count on France and India to scale up the programmes for the "energy of the future", she added.

Goyal said he was confident that the programmes will ensure flow of affordable finance for solar projects and serve the interests of the farming communities in the ISA member countries.

Explaining the benefits of solar-rich nations collaborating through the ISA, he said it would provide benefits of scale leading to reduction in prices; promotion of collaboration in research and development; and wider deployment of solar technologies.

The ISA is about "all of us working toward a shared vision, a shared goal to take the solar initiative forward", he said.

The ISA, which was launched at the Paris Climate Change Summit last year by Prime Minister Narendra Modi and French President Francois Hollande, seeks to empower solar-rich countries located between the tropic of Cancer and the tropic of Capricorn, many of which have at least 300 days of sunshine, and share common challenges and opportunities.

During Hollande's visit to India in January, the two leaders laid the foundation stone for the ISA headquarters in Gurgaon.

http://timesofindia.indiatimes.com/...developing-countries/articleshow/51959457.cms

@PARIKRAMA @anant_s @ni8mare @Kinetic @Levina @Ankit Kumar 002 @Taygibay @Vauban @Picdelamirand-oil @BON PLAN @AUSTERLITZ @MilSpec @Water Car Engineer @nair @danish_vij @Parul @waz @sathya @SrNair @SRP @SR-91 @Ind4Ever @IndoCarib @Chanakya's_Chant

 

[IndoCarib]

Very ambitious. We need massive amount of funding to achieve the target of 100GW by 2022. Out of 1 trillion, we ourselves may need a quarter of it !!

 

[Ind4Ever]

One this is for sure. Renewable energy in India to see major uplifting and I fully expect Modi government to achieve this goal for sure. And this news I see it like big middle finger to Italy, US, UK who want to club our solar power domestic products. Am sure India will take these morons head on... Go forward. Daily fabulous news in India. Am staying abroad in multiple countries. I never been so excited to go back...

 

[MilSpec]

India's Achilles unlike others is Oil and gas, We need to move to a renewable goal of atleast 30% and additional 30% in nuclear (With special focus of Thorium Cycle). Unless we reduce dependency on Gulf Oil, India will always be held hostage to outside influence.

 

[Nilgiri]

The biggest problem with large scale solar is the large scale storage needed. The theoretical breakthroughs using nanotechnology need to become commercially viable....otherwise solar will continue to be relegated to localised captive production (which is still a good thing to have/develop further).

 

[AugenBlick]

We need more DOMESTIC nuke plants. AREVA is not doing well, we can form JV/partnership and siphon off tech easy. Will save RnD time. (Not that we cannot do it. We have 700MW reactor already.)

 

[Ankit Kumar 002]

India's Achilles unlike others is Oil and gas, We need to move to a renewable goal of atleast 30% and additional 30% in nuclear (With special focus of Thorium Cycle). Unless we reduce dependency on Gulf Oil, India will always be held hostage to outside influence.

We need more DOMESTIC nuke plants. AREVA is not doing well, we can form JV/partnership and siphon off tech easy. Will save RnD time. (Not that we cannot do it. We have 700MW reactor already.)

This year will see 1 700MW PHWR start operations 1 in Gujarat and Rajasthan each. They will be our most powerful ever built nuke reactors indigenously.Further Kandukulam 2 should also be completed and start operating.construction of our research PFBR is also going in full swing.

As of now there are 20 700MW PHWR reactors planned/construction .

This should complete our 1st stage of 3 stage fuel cycle.

The biggest problem with large scale solar is the large scale storage needed. The theoretical breakthroughs using nanotechnology need to become commercially viable....otherwise solar will continue to be relegated to localised captive production (which is still a good thing to have/develop further).

Yes, but it can / is being partly resolved by covering Canals. We have a good enough network of canals which can be used for this project.

Further the government owns a good number of Railway stations and Airports which can also be used to set up small to medium scale power plants.

 

[anant_s]

Paris agreement has been signed just a few days back and surely now is time to put thoughts into action. We need investment in clean sources of power and also ramp up R&D funding in area. the cost of installation of solar power is still high but with international cooperation, it should come down.

 

[Yaralava]

It would be foolish to replace Trees with Solar panels.

Jungle with Trees are far more useful than solar farms. Its easy to forget our priorities when "solar" becomes the flavour of the day.

Where is the 1 Trillion $ fund to make India green again ?

So that we can truly turn back the degradation of our lifestyle and water supply and ecosystem.