What Oil Wells are Today, Solar Power will be Tomorrow_ PM Modi

The second edition of Global RE-Invest was inaugurated on October 2, 2018 in the presence of Prime Minister Narendra Modi, the Secretary General of the United Nations Antonio Guterres, External Affairs Minister Sushma Swaraj and Minister of Power R.K. Singh.

Speaking at the occasion, Guterres hailed the initiative undertaken by India to set up the International Solar Alliance (ISA) aimed at building a sustainable tomorrow for the entire world. Highlighting the dire need for the entire global community to come together to combat climate change, Guterres asserted on the importance of political commitment in driving the green energy revolution in the desired direction. Guterres observed that while such policy and regulatory support is crucial to the growth of renewables worldwide, it is lacking in many countries and needs to be addressed proactively by the relevant stakeholders. Guterres also underlined the central role that solar power plays in the green energy revolutions, given its competitiveness with respect to fossil fuels.

Complementing Guterres’ views on the crucial position of solar power in this trajectory, PM Modi also underpinned the importance of solar by his slogan, ‘One World, One Sun, One Grid’, through which the PM implied the coming together of the entire globe in order to harness solar power 24*7, thus not limiting the duration of exploitation of solar power to daytime.

Talking about the initiatives undertaken by his government, PM said, “Four years ago, we started India’s renewable journey from MW to GW”. Commenting on the establishment of ISA, which is now an international inter-governmental treaty-based organization, Modi expressed hope that soon this cluster of nations will assume the same significance and influential position as is currently enjoyed by OPEC nations. For the uninitiated, the Organization of the Petroleum Exporting Countries (OPEC) is an influential intergovernmental organization of 15 nations.

Commenting further on the role solar will play in the coming years, PM Modi likened solar to oil reserves saying, “What oil wells are today, solar power will be tomorrow”.

However, it should be noted that oil is a finite source of energy concentrated in a few countries around the world while the sun shines on every country in the world.

The ISA is an Indian initiative that was jointly launched by the PM Modi and the president of France on November 30, 2015, in Paris, on the sidelines of COP-21, the UN Climate Conference. The ISA seeks to address the obstacles to deploying solar energy at scale through the improved harmonization and aggregation of demand from solar-rich countries located fully or partially between the Tropic of Cancer and the Tropic of Capricorn.

In his address, the PM also expressed hope that in the coming years, ISA will transcend these boundaries of tropics and engulf the entire globe.

The inaugural conference of the International Solar Alliance (ISA) was held a few months ago in New Delhi. The conference was attended by Indian Prime Minister Narendra Modi and French President Emmanuel Macron.