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France Commits €700 Million to International Solar Alliance

France Commits €700 Million to International Solar Alliance

Posted By Admin    on 19th Mar 2018   

France will commit €700 million 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, Reuters reports.

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 (of which Nigeria is one), 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.

Source: Energy Mix Report

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