So far, 62 countries have signed the ISA framework agreement, out of which 32 have already ratified it. Australia, Bangladesh, Cuba, France, Ghana, India, Papua New Guinea, Sudan, Sri Lanka, Togo, the United Arab Emirates and Venezuela are among those that have ratified the agreement.
The country has secured a prominent place in the global solar energy industry through developing world-class solar energy projects, including the Sheikh Mohammed bin Rashid Al Maktoum Solar Complex in Dubai, which is the world's largest Concentrated Solar Power project in the world, using the Independent Power Producer model and generating 5000 megawatts when completed in 2030.
This is in addition to the 13 solar development projects, either finished or being implemented under the Indian line of credit worth $143 million in African countries.
The organisation is also working on other projects, such as the one to promote the use of solar pumps in farms, replacing diesel ones, or the one to procure financing for member countries, or those to promote the use of mini-grids. Also on the cards is a project to develop solar energy storage for use in mobility, Tripathy said. "You [India] attracted investment, you supported them, you are training your own people". To date, 121 countries are involved in the International Solar Alliance.
France said it will allocate 700 million euros in additional spending to its commitment to solar energy by 2022, which will take its total commitment to 1 billion euros.
"Because they decided it was good for them, for their children, their grandchildren".
Macron took a jibe at US President Donald Trump at the summit for his decision to withdraw from the Paris climate change agreement. This comes even as India chases the world's largest renewable programme, targeting 175 gigawatts (GW, or 1,000 megawatts) of renewable power by 2022 against its current capacity of around 60 GW.
The Agenda also called for facilitating affordable finance, access to appropriate, clean and environment friendly technology and undertaking capacity building, including forging mutually beneficial partnerships with reputable worldwide institutions and reputable financial institutions for the benefit of developing countries.
"We have to encourage innovation so that solar solutions can be provided for various needs".
Furthermore, the UAE Energy Strategy 2050 targets increasing the contribution of clean energy in the overall national energy mix to 50 percent by 2050, saving US$190 billion of the overall energy costs until 2050.
He called for concessional financing at lower risk for solar projects and said regulatory aspects and standards should be developed to find solutions fast.