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US applauds India on International Solar Alliance

Press Trust of India  |  Washington 

The today applauded for its efforts in initiating and inaugurating the Alliance (ISA).

The is a treaty based inter-governmental alliance of 121 sunshine-rich countries that lie fully or partially between the Tropics of and Capricorn. Their adoption of energy is expected to help reduce the use of fossil fuels and combat climate change.

Sixty countries have signed the agreement to join the alliance which was formally launched jointly by and last Sunday in

The heads of state from 23 nations took part in the first Summit.

"We extend our congratulations to the on the occasion of its founding ceremony.We applaud the for its efforts to initiate and inaugurate this organisation, and to bring together its founding members this weekend," a State Department told

During the summit, French announced an additional USD 862 million to help developing countries with their energy projects.

The said the US appreciated the ISA's goal and looks to work with the ISA in future.

"We appreciate the ISA's goal of expanding access to cost-effective solar power and look forward to the economic and social benefits this approach will bring to the developing world," the said in response to a question.

"We have been pleased to provide technical support to the ISA and will continue to look for opportunities where the US can collaborate with the ISA in future," the spokesperson said.

At the launch event, had announced his ambitious goal of building 175 gigawatts of capacity by 2022, including 100 gigawatts of solar.

However, Technology review said that the well-intentioned target looks nearly impossible to achieve.

"India would have to build on average 35 gigawatts of per year for the next five years. That's more than twice the capacity that the US added across all in 2016, after subtracting retiring plants, and less than eight gigawatts of the total were solar," the magazine said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 06:50 IST