How Global Solar Summit Set The Tone For India To Move Forward

How Global Solar Summit Set The Tone For India To Move Forward

How Global Solar Summit Set The Tone For India To Move Forward

The International Solar Alliance (ISA) Summit which recently concluded in the national capital Delhi moved India slightly closer to realising its solar dreams. With plenty of investment, plans for  Indian manufacturers and the launch of world’s largest solar park, India seems to be on track to achieve its target of producing 100 gigawatt (gw) of solar energy by 2022.

Here’s what all has been announced during the ISA Summit:

Rising investment: India took a lion share in the European investment in the solar projects. The European Investment Bank (EIB) inked an agreement on March 9 to invest €800 million in India’s clean energy projects. Of this €640 million will be invested in the solar projects. This makes India the leading recipient of EIB investment outside European Union.

The many firsts: While the summit was going on, Diu emerged as India’s first and the only Union Territory in India to become 100 per cent solar. It is now fully powered by solar energy. According to the power department of Diu, a total solar power capacity of 13 megawatts (mw) has been installed — 10 mw in ground-based systems and three mw in rooftop systems. Although demand for power in Diu is negligible at seven mw, it used to source this from Gujarat. Now, the city is self-sufficient.

New launches: During the four-day summit PM Modi along with French President Emmanuel Macron also launched a solar park in Uttar Pradesh’s Mirzapur. This is UP’s largest solar plant with a capacity of 75 mw and constructed at an investment of Rs 500 crore. The plant, constructed by French company ENGIE, is located at the hilly terrain of Vindhyas range. It is equipped with 118,600 solar panels and is spread in an area of over 380 acres. This plan will be powering the Jigna sub-station of Mirzapur range and will generate 15.6 crore units of electricity annually, about 1.30 crore units per month.

Not just UP, India also became home to the world’s largest solar park just two days before the summit was inaugurated. Named Shakti Sthala, the 2,000-mw park located at Karnataka’s Pavagada, was constructed at an investment of Rs 165 billion.

More incentives: During the summit, PM Modi also called for concessional financing and less-risky funds to fuel solar projects. This would help in raising the share of solar power in the energy sector, provide cheaper electricity and cut carbon emissions.

From the grassroot: PM Modi along with announcing large projects was of the view that solar should not just power the country but also fuel the homes in villages. To promote the use of solar energy, PM Modi, during his visit to Mirzapur, stressed on the use of this resource for making food. "This is an effort to bring a change in the lifestyle in the countryside. I urge youths and IITians to promote clean cooking by harnessing solar energy in an innovative manner," PM Modi was quoted as saying in a PTI report.

With inputs from Housing News

Last Updated: Fri Mar 16 2018

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