Solar energy Current Affairs

First General Assembly of International Solar Alliance to be held on 2 October in Delhi

The inaugural General Assembly of International Solar Alliance (ISA) will be inaugurated on 2 October 2018 in New Delhi. It will be followed by ministerial level assembly of ISA following day which will be will be held in Greater Noida.

International Solar Alliance (ISA)

ISA was jointly launched by India and France in November 2015 at Paris on side lines of COP21 UN Climate Change Conference. Its Framework Agreement came into force in December 2017. It celebrated its founding day on 11th March, 2018. Its founding conference was held on 11 March 2018 in New Delhi.

ISA is action-oriented organization that aims brings together countries with rich solar potential to aggregate global demand, thereby reducing prices through bulk purchase, facilitating deployment of existing solar technologies at scale and promoting collaborative solar R&D and capacity building. It also aims at contributing to implementation of Paris Climate Agreement 2015 through the rapid and massive deployment of solar energy.

ISA is first international intergovernmental treaty based organization to be headquartered in India. It is headquartered at campus of National Institute of Solar Energy (NISE), Gurugram, Harayana. Till date, 47 countries have signed and 19 countries have ratified Framework Agreement of ISA. United Nations is Strategic Partner of ISA.

Objectives of ISA

  • Undertake joint efforts required to reduce the cost of finance and the cost of technology;
  • Mobilize around US $1000 billion of investments needed by 2030 for massive deployment of solar energy;
  • Pave way for future technologies adapted to needs of solar rich 121 countries lying fully or partially between Tropic of Cancer and Capricon.

ISA’s 4 ongoing programmes

  • Scaling Solar Mini Grids;
  • Affordable Finance at Scale.
  • Scaling Solar Applications for Agricultural Use.
  • Scaling Solar Rooftop catering to the needs of solar energy in specific areas.

Month: Categories: International Current Affairs 2018

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India’s first interstate connected wind power project commissioned in Bhuj

126 MW wind power capacity, part of India’s first inter-state transmission system (ISTS) auction, was commissioned in Bhuj, Gujarat. It was part of India’s first ISTS auction was conducted by state-run Solar Energy Corporation of India Ltd (SECI) in February 2017.

Key Facts

This was bid for projects to be connected on ISTS wherein power generated from one state (renewable resource rich state) can be transmitted to other renewable deficient states. The energy generated from this project is being purchased by Bihar, Odisha, Jharkhand and Uttar Pradesh. The first auction signifies major shift from earlier regime of state-specific feed-in-Tariff (FiT) model to Pan-India, market-driven mechanism. It also marks beginning of capacity additions in wind power based on market discovered tariffs, in line with the Government’s plan of having 175 GW renewable energy by 2022.

Month: Categories: India Current Affairs 2018

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