International Solar Alliance becomes a Legal Entity
International Solar Alliance (ISA), which was launched in November 2015, was slated to become treaty-based International Intergovernmental organization as soon as its framework agreement is ratified by 15 countries.
- Guinea became the 15th country to ratify the Framework Agreement of ISA and on account of this ratification; ISA became a legal entity from December 6, 2017.
- Till date, 46 countries have signed and 19 countries have ratified the Framework Agreement of ISA.
About International Solar Alliance (ISA):
- The International Solar Alliance is an alliance of countries which are located completely or partly between Tropic of Cancer and Tropic of Capricorn.
- It was jointly launched by the Prime Minister of India Narendra Modi and the then President of France Francois Hollande in November 2015 in Paris, on the side lines of United Nations Climate Change Conference, COP 21.
- Under the ISA, solar rich countries will collaborate to fulfil their objectives and needs pertaining to solar energy by emulating successful practices and setting up common mechanisms and instruments for harnessing solar energy on a huge scale.
- In January 2016, PM Narendra Modi, and the then French PresidentFrançois Hollande jointly laid the foundation stone of the ISA Headquarters and inaugurated the interim Secretariat of the ISA at the National Institute of Solar Energy (NISE) in Gurugram, Haryana, India.
- ISA Secretariat expenses for initial five years will be borne by Indian Government.
Programmes Initiated by International Solar Alliance (ISA):
- Till date, ISA has launched three programmes viz.Scaling Solar Applications for Agriculture Use, Affordable Finance at Scale, and Scaling Solar Mini– All these programmes have been launched with an objective to achieve overall goal of increasing solar energy deployment in the ISA member countries.
- In May 2017, ISA established Digital Infopedia,a platform which facilitates interaction and collaboration among policy makers, ministers and corporate leaders from ISA member countries.
- Scaling Solar Rooftops and Scaling Solar E–mobility and Storage are another two programmes which will soon be launched by ISA.
- In December 2018, ISA will roll out a Common Risk Mitigating Mechanism (CRMM) for diversifying the risk and reducing financial cost of solar projects across all ISA member countries.