Fiji, Niger and Tuvalu deposited instrument of ratification of the Framework Agreement of the International Solar Alliance (ISA) in the 5th meeting of International Steering Committee (ISC) of the ISA that was held in New Delhi. In this meeting representatives from 121 prospective member countries, who either completely or partially lie between the Tropic of Cancer and Tropic of Capricorn participated. The meeting was Chaired by Shri Anand Kumar, Secretary, Ministry of New and Renewable Energy (MNRE) and Co-chaired by Mrs Ségoléné Royale, Ambassador for Arctic and Antarctic Poles and Special Envoy for the Implementation of the International Solar Alliance, Government of France.
Till date 40 countries have signed and 11 countries have ratified the Framework Agreement of the ISA. With ratifications by 15 countries, the ISA will become a treaty based inter-governmental international organization.
The second edition of the Renewable Energy Global Investors Meet & Expo, Re-Invest 2017 will be held from 7 to 9 December 2017. The venue of the three day Global meet, organized by MNRE will be the India Expo Centre, Greater Noida, National Capital Region of Delhi. The Re-Invest 2017 will deliberate upon and evolve strategies for financing renewable energy and also showcase the Government of India’s commitment to the development and scaling up of renewable energy to meet the national energy requirement in a socially, economically and ecologically sustainable manner. The Founding Conference of ISA and Solar Summit will also be held on the margins of RE-Invest 2017 on 8 & 9 December 2017.
International Steering Committee was establishment under the mandate of the Paris Declaration of ISA to provide the guidance and direction to establish the ISA. India has offered a contribution of Rs 175 crore for creating ISA corpus fund and for meeting the cost of ISA secretariat for initial five years.
The ISA is an Indian initiative jointly launched by the Prime Minister of India and the President of France on 30 November 2015 at Paris, on the sidelines of COP-21. It aims at addressing obstacles to deployment at scale of solar energy through better harmonization and aggregation of demand from solar rich countries lying fully or partially between the Tropic of Cancer and Tropic of Capricorn.