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India set to float global solar power alliance during Africa summit

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Prime Minister Narendra Modi could formally announce at next week’s India-Africa forum summit a global alliance of 110 countries aiming to promote solar power for meeting growing energy requirements and fight climate change.he global grouping, to be known as International Agency for Solar Policy and Application (InSPA), is expected to do solar power business pegged at $100 billion by 2020.

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Many African countries are planning to use solar power in a big way but funds and technology constrains come in the way.rime Minister Modi is expected to announce a special fund for the grouping. “This could be an initiative worth taking and a befitting investment that aids economic growth and helps fight climate change for African countries,” an official said.

Modi floated the solar alliance idea early this year and found several backers such as Australia, New Zealand, China, African nations and Brazil.The alliance is a commitment made by India as part of its climate action plan for 2030 to the United Nations. Source– HT

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