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Title: India commits $1.4 billion for solar energy worldwide
Source:The Hindu
Date:12 March 2018

India on 12 March 2018 announced one of the world’s largest investment plans in solar energy at the Founding Conference of the ISA (International Solar Alliance). The $1.4 billion line of credit will cover 27 projects in 15 countries and boost the much-required financial power to the solar sector. The Founding Conference was co-chaired by Mr. Modi and French President Emmanuel Macron. Mr. Modi presented a 10-point action plan aimed at making solar power more affordable while raising the share of power generated. Mr. Macron identified three issues to be addressed the solar energy potential in each country should be identified; mobilisation of finance; and the provision of a favourable framework. He said the member countries of the ISA would ensure distribution of finance and expertise.




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