Countries falling between Tropic of Cancer and the Tropic of Capricorn are blessed with rich solar resources. InSPA will conduct joint research and development to promote solar energy access and will also work on innovative financing mechanism for the solar energy sector. It is proposed to establish InSPA’s secretariat at the National Institute of Solar Energy, Gurgaon, India.
There is growing pressure on India to limit its greenhouse gas (GHG) emissions. Energy sector is majorly contributing to India’s GHG emissions. To counter the pressure from the developed countries to further cut emissions, India has already committed in INDC (Intended Nationally Determined Contributions) to achieve 40% cumulative electric power installed capacity from renewable energy. InSPA will further facilitate India in its quest for low carbon energy.
Solar technology is increasingly becoming most preferred choice among all sources of renewable energy. It is evident in India as it had a paltry 35 MW grid connected solar PV capacity in 2010 as compared to 3.7 GW in March 2015. PM Narendra Modi is promoting solar energy and his government has already committed to 100 GW of solar energy target to be achieved by 2022.
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