India as an Emerging Nation in Solar Power

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New Delhi’s International Solar Alliance envisions a green future.

India with the help of France hosted the very first International Solar summit on March 11 in New Delhi. It is an important milestone in India’s rise as a leader in the renewable energy sector. Prime Minister Narendra Modi’s notion of forming an International Solar Alliance (ISA) was well received through the COP21 Climate Conference in Paris in November 2015, eventually resulting in the creation of a Gurugram based United Nations treaty body which is registered under article 102 of the UN charter on December 6, 2017.

With 60 countries signing the ISA agreement and 26 ratifying it up to now, the theory has been appreciated especially among developing countries in the Global South which are yet to accomplish the required economic development. This is the main reason energy security is definitely an inevitable driver. The ambitious plan put forth by ISA for 2030 is always to galvanize investments worth $1 trillion for harnessing solar energy.

Many countries in tropical regions with adequate sunshine are developing countries in Asia, Africa, Latin America, and the Pacific. Helping these countries utilize solar energy, which they have in abundance, is the principle idea behind the alliance. India’s initiative to equip many developing countries in the tropics to generate solar energy would make them walk on the trail of economic development as economic growth is inextricably connected to access, availability, and affordability of energy.

Moving toward renewable energy sources is now an essential aspect for India to be understood as a responsible emerging power. India must sustain its economic growth and industrial production along with tackling climate change and environmental degradation. Being an emerging power, India’s desire for energy security is based on increasing the share of renewable energy in its energy mix. Solar energy factors as a clear and affordable kind of renewable energy that will help India decrease its carbon emissions and reduce its dependency on the import of crude oil from West Asia, Africa, and Latin America.

Challenges in adopting solar energy exist in all the developing world including issues linked to infrastructure development and technological advancements, attracting foreign investment, procuring raw materials for solar panels, and not enough usage of existing storage technologies. While these concerns remain, India is taking the initiative to create solar energy an essential area of the energy mix of developing countries and overcome a number of the challenges, boosting India’s long-standing commitment to South-South cooperation.

India has been involved with capacity-building and offering technical assistance to developing countries in the Global South beneath the Indian Technical and Economic Cooperation (ITEC), including in renewable energy. Training programs just like the “Solar Grandmas” train women from different developing countries, particularly Africa, to get ready lanterns and solar panels at Barefoot College in Rajasthan, helping them make use of harnessing solar energy. These technical assistance programs have garnered immense goodwill for India.

Nearly all of India gets sunshine for significantly more than 300 days annually, this puts the united states in an advantageous position to push for greater generation and usage of solar energy. Advances in technological innovation have cut the expense of clean energy technologies considerably. In 2017, solar energy tariffs dropped as low as 2.44 Indian rupees (about 4 U.S. cents) per unit, which marks the start of exponential growth in India’s renewable energy sector.

Boost the share of non-fossil based capacity in its electricity mix to be above 40 percent by 2030. India has additionally set an ambitious target of generating 175 gigawatts (GW) of renewable energy by 2022, out of which 100 GW will be solar.

For the global community, supporting this alliance entails supporting developing countries to accomplish the Sustainable Development Goals (SDGs) to make sure usage of affordable, reliable, sustainable and modern energy for all.

Support from major solar-powered countries like Germany can be very important to the ISA member states in their particular clean energy transitions. Through the ISA, member states can share best practices and support one another in their effort to construct a natural and sustainable future.