Energy minister urges Indian PV players to look abroad for International Solar Alliance

Facebook
Twitter
LinkedIn
Reddit
Email
Credit: Twitter - Office of R.K. Singh

Indian power minster R.K. Singh has urged the Indian solar industry to look abroad and set up projects in member countries of the International Solar Alliance (ISA).

Many of the biggest Indian players have already been eyeing up opportunities abroad in the last year or two, particularly given the tight margins and intense competition that was standard in almost all Indian auctions until policy uncertainty hit the most recent tenders. PV Tech has heard from several developers eyeing up Southeast Asia, but the ISA covers many countries between the tropics, with a long list of African countries signed up as members.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Singh said that many countries have shown interest in learning from India’s experience in renewable energy and he stated that there is a need for India’s industry to set up energy infrastructure in these countries.

The International Solar Alliance (ISA) and the Ministry of External Affairs (MEA), signed the Host Country Agreement yesterday, which gave ISA a juridical personality and the power to contract, acquire dispose off movable and immovable properties, as well as to institute and defend legal proceedings. 

General V.K. Singh, minister of External Affairs, said the ISA needs to firm up financial partnership deals with more multilateral and bilateral donor agencies in order to meet its stated objectives.

The ISA was founded in Delhi on 11 March, with an eye on 1,000GW of solar capacity by 2030. It four ongoing programmes: Scaling Solar Applications for Agricultural Use, Affordable Finance at Scale, Scaling Solar Mini Grids and Scaling Solar Rooftop.

Read Next

October 3, 2024
By mid FY2026, Goldi Solar aims to increase PV module capacity from 3GW to 14GW, while it will build a 4GW solar cell plant by FY2027.
October 1, 2024
Tata Power to build a 2GW module plant in India, while Vikram Solar filed draft papers for its IPO and build a 3GW cell and module plant.
October 1, 2024
Solex will 'explore' the development of a 2GW solar cell production facility with the capacity to ramp up to 5GW.
October 1, 2024
This is the third R&D facility that Nextracker has in operations, with one in Northern California, US and another one in Sao Paulo, Brazil.
September 23, 2024
Australia has confirmed that the first round of the Quad Clean Energy Supply Chains Diversification Program will open in November 2024.
September 19, 2024
The world is on pace to add 593GW of new solar power capacity in 2024, a 29% increase over the capacity added in 2023.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2024
Huntington Place Detroit, MI
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile
Solar Media Events
October 22, 2024
New York, USA