Monday, March 12, 2018

France to Commit 700 Million Euros to International Solar Alliance

Macron announced the investment at the launch of the International Solar Alliance in New Delhi. (Photo Credit: Ludovic Marin/AFP) Click to Enlarge.
France will commit 700 million euros to the International Solar Alliance (ISA), President Emmanuel Macron said on Sunday at the founding conference of the organization, reiterating the European country’s commitment to the alliance and clean energy.

ISA is an inter-governmental organization that aims to mobilize $1 trillion in funds for future solar generation, storage, and technology across the world.  It has 60 signatories, with 30 of those countries having ratified the agreement.

The treaty-based organization, launched by Indian Prime Minister Narendra Modi in 2015, aims to promote solar energy in 121 countries.

Speaking at the conference, Macron said France was more than tripling its commitment to the alliance, and its total monetary contribution to the alliance stood at one billion euros.

Read more at France to Commit 700 Million Euros to International Solar Alliance

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