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First World Solar Technology Summit

Topics Covered: Science and Technology- developments and their applications and effects in everyday life Achievements of Indians in science & technology; indigenization of technology and developing new technology.

First World Solar Technology Summit:


What?

First World Solar Technology Summit (WSTS) was organized on 8th September, 2020.

By?

The Federation of Indian Chambers of Commerce and Industry (FICCI), as the convenor of ISA Global Leadership Task Force on Innovation, worked with the International Solar Alliance (ISA) in organizing the summit.

The conference saw ISA signing four agreements, signalling its intent to focus on key areas of the solar energy sector.

  1. A partnership agreement between the Union Ministry of Renewable Energy, the World Bank and ISA on One World, One Sun, One Grid.
  2. A partnership between the Global Green Growth Institute and ISA on the promotion of a million solar pumps.
  3. A Memorandum of Understanding with the International Institute for Refrigeration, Paris and ISA.
  4. Partnership agreements on the implementation of 47 projects between ISA and NTPC.

ISA also launched its technology journal, Solar Compass 360.

About the International Solar Alliance (ISA)

It is an Indian initiative, which was launched jointly by Prime Minister of India Mr. Narendra Modi and H.E. François Hollande, President of France on 30 November 2015 in Paris, France on the side-lines of the 21st Conference of Parties (CoP 21) to the United Nations Framework Convention on Climate Change.

  • The ISA Assembly is the main decision-making body of the alliance and it decides on various administrative, financial and program-related issues.

What it does?

As an action-oriented organisation, the ISA brings together countries with rich solar potential to aggregate global demand, thereby reducing prices through bulk purchase, facilitating the deployment of existing solar technologies at scale, and promoting collaborative solar R&D and capacity building.

solar_alliance

When it entered into force?

When the ISA Framework Agreement entered into force on December 6th, 2017, ISA formally became a de-jure treaty based International Intergovernmental Organization, headquartered at Gurugram, India.

Membership:

  • All members of the United Nations can join the International Solar Alliance (ISA) under the recently amended ISA Framework Agreement.
  • As on 30 July 2020, 87 Countries have signed the Framework Agreement of the ISA and of these 67 have deposited their instruments of ratification.

Goal:

It has set a target of 1TW of solar energy by 2030.

InstaFact:

India has a target of installing 100 GW and 300 GW of solar by 2022 and 2030 respectively.

InstaLinks:

Prelims Link:

  1. Outcomes First World Solar Technology Summit.
  2. When was ISA launched?
  3. What is Solar Compass 360, which was launched recently?
  4. Targets of ISA.
  5. Membership of ISA.
  6. India’s renewable energy targets.
  7. What is One World, One Sun, One Grid initiative?

Mains Link:

Write a note on One World, One Sun, One Grid initiative.

Sources: PIB.