Armenia becomes the 104th full member of the International Solar Alliance.  The Republic of Armenia handed over the International Solar Alliance Instrument of Ratification, during the meeting of Armenian Ambassador to India Vahagn Afyan with Abhishek Singh Joint Secy (ED&MER) and Head of Depository, in  New Delhi.

International Solar Alliance

• International Solar Alliance (ISA) is an inter-governmental treaty-based organisation with a global mandate to catalyse solar growth by helping to reduce the cost of financing and technology.

• The ISA was jointly launched by Prime Minister Narendra Modi and French President Francois Hollande on November 30, 2015, in Paris on the sidelines of the 21st Conference of Parties (COP21) to the UNFCCC.

Objectives of ISA:

• To address obstacles that stand in the way of rapid and massive scale-up of solar energy.

• To undertake innovative and concerted efforts for reducing the cost of finance and cost of technology for immediate deployment of competitive solar generation.

• To mobilise more than $1,000 billion of investments by 2030. 

• Reduce the cost of finance to increase investments in solar energy in member countries by promoting innovative financial mechanisms and mobilising finance from institutions.

• Scale up applications of solar technologies in member countries.

• Facilitate collaborative research and development (R&D) activities in solar energy technologies among member countries.

• Promote a common cyber platform for networking, cooperation and exchange of ideas among member countries.