Narendra Modi
Narendra Modi |File photo
Business & Economy

Technology holds the key to scale up the use of solar energy, says Modi

NetIndian News Network

New Delhi, September 9, 2020

Prime Minister Narendra Modi said on Tuesday that technology held the key to scale up the use of solar energy.

in a message to the inaugural session of First World Solar Technology Summit, read out by R K Singh, President, International Solar Alliance (ISA) Assembly and Minister of State for Power and New & Renewable Energy, Modi said technological achievements have already brought about a significant reduction in the price of solar power.

A further reduction in the cost will provide a major boost to the use and expansion of renewable energy. He expressed confidence that the summit will help in help in developing new technologies and ensure that they become available to all.

The World Solar Technology Summit (WSTS) organised by ISA and FICCI aims to bring together key stakeholders - leading academic scientists, technology developers, researchers and innovators to present and discuss the recent highlights of solar technologies, cost-wise; technology-wise, technology transfers, challenges and concerns in the field.

The main objective of WSTS is to showcase to member countries the state of the art and next-generation solar technologies worldwide and to allow decision-makers and stakeholders to meet and discuss their priorities and strategic agenda towards a larger integration.

Modi said, five years ago, world leaders had taken a pledge to restrict the rise in global temperature through a gradual reduction in the dependence on fossil fuels. Underlining India's commitment to lowering carbon footprints, he pointed out that India had the lowest per-capita carbon emissions in the world.

“But we have still pressed ahead with deployment of renewable energy at a frenetic pace,” he added.

Speaking about the fast growth of renewables in India, he pointed out that the country had enhanced its installed renewable capacity by 2.5 times and increased solar installed capacity by more than 13 times. "Globally India now ranks 4th in terms of Renewable power,” he added.

“We have scaled our non-fossil fuel-based power generation to 134GW, which is about 35 % of our total power generation. We are confident of increasing it to 220 GW by 2022.

“We want to take renewable energy to every village of our country. Our government has implemented a scheme named KUSUM that aims to replace the use of diesel in our farm sector with solar energy.

“Under this scheme, we have targeted the solarisation of 2.8 million irrigation pumps. Such schemes will not only benefit the environment but also increase the income of our farmers,” he said.

Referring to India's support to ISA member countries the Prime Minister said, ”India is providing capacity-building support to ISA member countries through its ITEC training programme. We have also set up a Project Preparation Facility to develop bankable Solar Energy projects in ISA member countries with the help of EXIM Bank of India.” H

In 2018, the Government had announced about $1.4 Billion worth of lines of credit (LOCs) for covering 27 solar projects across 15 countries. These projects are in various stages of implementation.

“The ISA is a part of “One World One Sun One Grid” project, I firmly believe that this project can bring transformational benefits for the entire humanity,” he added.

Ministers from several of ISA’s member countries will be joined by high-Level dignitaries, National Focal Points and senior government functionaries; Representatives of diplomatic missions, ISA Partners, business and industry leaders, solar project developers, solar manufacturers, R&D institutions, academia and think tanks, civil society, international organizations and donors, representatives of non-governmental and community-based organizations, academics, research and training institutes, international media, multilateral and bilateral agencies.

M Stanley Whittingham, winner of the Nobel Prize in Chemistry (jointly with John B Goodenough & Akira Yoshino) in 2019 for the revolutionizing discovery of the lithium-ion batteries and Bernard Piccard, Founder and Chairman of Solar Impulse Foundation, Switzerland, also joined the summit virtually.

India’s Minister for Petroleum and Natural Gas Dharmendra Pradhan announced that five public sector undertakings (PSUs) under his Ministry would be joining the International Solar Alliance (ISA)’s Coalition for Sustainable Climate Action (ISA-CSCA) as Corporate Partners.

The Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and GAIL (India) Limited will be contributing to ISA’s Corpus Fund, he said.

Lauding the role of the ISA for making rapid strides since its launch at the UN Climate Change Conference in Paris on November 30, 2015, Pradhan said as the latest inter-governmental international organization with its headquarters in India, ISA was not only a testament to India's unwavering faith in multilateralism but also a commitment to a better, sustainable and greener future.

The Alliance reflects the vision and the firm belief that the beneficence of the Sun could be used to bring together the peoples of this planet for a shared solution to our energy needs, he added.

The International Solar Alliance (ISA) is a treaty-based international intergovernmental organization. ISA was jointly launched by India and France in the presence of Secretary-General of the UN during CoP21.

The Paris Declaration establishes ISA as an alliance dedicated to the promotion of solar energy among its Member Countries. The major objectives of the organization include the deployment of 1000 GW of solar capacity and mobilization of US$ 1000 billion of investment in the solar energy sector by 2030.

NNN

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