India on Sunday announced generous release of funds to the tune of $ 1.4 billion for 15 developing countries even as Prime Minister Narendra Modi said he wants a “solar revolution” across the globe.
In his address at the inaugural session of the founding conference of the International Solar Alliance, an initiative of Mr Modi himself, the Prime Minister said the sum of $1.4 billion will be earmarked for 15 developing nations to take up at least 27 solar projects in these countries.
“We have distributed or in the process of distributing $ 143 million for at least 13 different solar projects,” he said. He also said besides the Corpus Fun for ISA, India has in addition donated $62 million for the ISA Secretariat in National Institute of Solar Energy, Gurugram in Haryana.
Mr Modi also announced launching of a Solar Technology Mission in India. This Mission will address all issues related to research and development on solar energy matters, he said.
Mr Modi also shared his 10 points of Actions to deal with the threat of climate change vis-a-vis making solar energy a true catalyst for the future roadmap.