"In 2017, Indian solar sector logged over Dollars 10 billion in financing activity, according to Mercom Capital Groups recently released 2017 Q4 and Annual India Solar Market update", it said in a statement. "This Sullivan County project will deliver energy savings to residents throughout the Mid-Hudson Valley region, while supporting the establishment of a cleaner, greener NY for all".
The objectives of ISA are to: (1) significantly reduce the costs of solar energy, (2) meet the high energy demand in developing countries, and (3) combat climate change.
"This is an historic moment for NY as we make the largest purchasing commitment to renewable energy by a state in the history of our country", said Alicia Barton, NYSERDA President and CEO.
The founding conference of ISA is being co-chaired by Indian prime minister Narendra Modi and French president Emmanuel Macron in New Delhi, with delegates including heads of state and government, ministers, chief executives of worldwide organisations and other high-level officials.
ISA member countries undertake to amalgamate and harmonise their requests for finance, technologies and innovation to create a common market in order to lower costs, strengthen quality control, better adapt products to needs and improve technologies.
Woman screams at Seahawks' Mike Tyson and Neiko Thorpe over anthem protests
The players, Neiko Thorpe and Mike Tyson , posted the video on Thorpe's Twitter account Monday afternoon. Tax money likely helped build the stadium Seattle plays in, but that's a separate matter entirely.
He also called for concessional financing and less-risky funds for solar projects to raise the share of solar power in the energy basket, provide cheaper electricity and cut carbon emissions. France's total monetary contribution to the alliance stands at one billion euros, President Macron has said.
The alliance, an effort to advance the 2015 Paris climate agreement, aims to become a network of 121 countries, he said. There are financial hurdles, regulations, capacity hurdles as well.
French energy company ENGIE said Monday it was expanding its presence in the renewable energy sector in India, one of the world's fastest growing economies.
As part of the new agreement, ISA will support the African Development Bank's Desert to Power solar initiative -through which the Bank intends to turn Africa's deserts into new sources of energy.
Prime Minister Narendra Modi President Macron will jointly inaugurate a solar plant in Mirzapur district of Uttar Pradesh today. The heads of state from 23 nations took part in the first ISA Summit. The plant will generate 15.6 crore units of electricity annually, about 1.30 crore units per month.