Sri Lankan President to attend International Solar Alliance Founding Conference and Solar Summit in India

Sri Lankan President to attend International Solar Alliance Founding Conference and Solar Summit in India

Sri Lankan President Maithripla Sirisena is to attend the International Solar Alliance (ISA) Founding Conference and Solar Summit scheduled to be held in New Delhi on March 11, 2018 on the invitation of Indian Prime Minister Narendra Modi and French President Emmanuel Macron.
The invitation to participate in the Conference, signed by Premier Modi and President Macron, was delivered to Sirisena jointly by Indian High Commissioner to Sri Lanka Taranjit Singh Sandhu and French Ambassador to Sri Lanka Jean-Marin Schuh.
Sri Lanka is already a signatory to the Framework Agreement on the ISA that was finalized in New Delhi on January 31, 2018 in New Delhi. The ratification process was also completed soon thereafter. Sri Lanka has now become a full-fledged member of the ISA along with 53 countries that have signed/ratified the ISA, reports state.
Around 500 delegates from all over the world are expected to participate in the Conference, including around 30 Heads of State/Heads of Government.
The ISA is a coalition of 121 solar resource rich countries to address their energy needs, through a common platform for collaboration, for achieving speed, scale and skills for deploying available solar technologies, facilitating strategic and collaborative solar research and development, and lowering the cost of finance for solar projects and capacity building.
According to reports, the ISA aims to mobilise over US$ 1000 billion of investments needed by 2030 for the deployment of solar energy. The ISA is committed to contribute significantly towards the global efforts for achieving Sustainable Development Goals and objectives of the Paris Agreement on Climate Change.

OSL take:

The decision by the Sri Lankan government to join the ISA and the Sri Lankan President’s participation at the ISA Founding Conference and Solar Summit indicates the country’s commitment/interest towards turning to solar power as a solution to the looming energy crisis. Business establishments engaged in providing energy solutions could explore opportunities for investing in Sri Lanka’s energy sector, especially in the solar energy sector.

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Article Code : VBS/AT/20180227/Z_3

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