See More on Facebook

Diplomacy, Economics

India bets big on solar after Macron visit

India is investing heavily in its renewable sector after an early-March visit from French President Emmanuel Macron.


Written by

Updated: March 22, 2018

India has stepped up efforts to position itself as a global climate change leader by co-hosting the newly-founded International Solar Alliance’s (ISA) meeting.

Prime Minister Narendra Modi and French President Emmanuel Macron, during his visit to India earlier this March, co-chaired the ISA meet on March 11. The ISA is an initiative the two countries launched. Over 60 countries have signed up for the alliance, and 32 have already ratified it

India and France underlined the significance of ISA for global energy security and environmental protection.

“We want India as our first strategic partner here, and we want to be India’s first strategic partner in Europe, and even in the western world,” Macron said.

Green Power

Modi urged leaders from 33 countries taking part in the ISA meet to boost investment in renewable energy to fight climate change.

Macron, on his part, pledged 700 million euros (US$861.5 million) by 2022 for new solar projects in developing countries.

The ISA has been working on a US$300-billion risk mitigation fund as part of a strategy to create a sustainable financing architecture for solar projects worldwide.

Speaking at the meet, Modi unveiled a 10-point plan saying India would generate 175 gigawatts (GW) of green energy from renewable sources by 2022, including 100 GW of solar power. India aims to achieve 40 per cent installed power capacity from renewable energy by 2030. At present, its installed renewable energy capacity is 63 GW.

ISA’s target is to undertake joint efforts to reduce the cost of finance and the cost of technology, and mobilise more than US$1 trillion by 20130.

India’s biggest solar power plant

The two leaders inaugurated India’s biggest solar power plant in Mirzapur in the country’s most populous state Uttar Pradesh. The 75 MW plant has been built in collaboration with French solar power giant Engie Solar.

The leaders also reiterated their intention to start work by the end of this year on what could become the world’s largest nuclear power plant. The leaders urged Electricite de France SA and India’s monopoly atomic energy producer, Nuclear Power Corp., to accelerate discussions on a contract and start work at the site in Jaitapur, in Maharashtra state, by December.

“Once installed, the Jaitapur project will be the largest nuclear power plant in the world, with a total capacity of 9.6 gigawatts,” a joint statement by the governments during Macron’s visit to India said.



Enjoyed this story? Share it.


Lamat R Hasan
About the Author: Lamat is an Associate Editor at Asia News Network.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Diplomacy, Economics

Chinese FDI in US plunges as obstacles rise

Trade war has far reaching ramifications on investment. Chinese foreign direct investment (FDI) in the United States plummeted more than 80 percent in 2018, and the downturn is expected to continue, given tighter US regulatory screening and policy shifts in China, analysts have said. After declining from a peak of $48 billion in 2016 to $31 billion in 2017, Chinese FDI in North America dropped to $8 billion in 2018, and total investment in Europe was also down, according to the latest analysis from law firm Baker McKenzie. The US was responsible for the majority of this, falling from a peak of $45.63 billion in 2016 and $29 billion in 2017 to just $5 billion in 2018, down 83 percent, said the report released on Monday. “The FDI flows are declining for both Europe and America, and the decline is because Europe and America are getting more restrictive, particularly in technology areas, so that’


By China Daily
January 18, 2019

Diplomacy, Economics

Senior North Korean official to deliver letter to Trump

Speculation that the two leaders could meet in Hanoi as early as February. North Korea’s chief negotiator in US-North Korea talks, Kim Yong-chol, is expected to deliver a letter to US President Donald Trump during his visit to Washington this weekend, according to media reports Thursday. Kim, vice chairman of the ruling Workers’ Party Central Committee, is expected to arrive in the US capital on Thursday. He will meet Trump at the White House, following a meeting with US Secretary of State Mike Pompeo on Friday. The senior official arrived at Beijing Capital International Airport on Thursday for United Airlines flight UA808 bound for Washingto


By The Korea Herald
January 18, 2019

Diplomacy, Economics

Brexit deal refusal to have limited impact on Korean economy

Seoul vows to speed up efforts for Korea-Britain bilateral trade deal, bracing for post-Brexit era. The British parliament’s latest rejection of the government’s proposed Brexit deal is likely to have a limited impact on global financial markets as well as the South Korean economy, Seoul’s government said Wednesday. Vowing pre-emptive steps to counter a possible fallout, Korean authorities will work on preparations for a bilateral free trade deal with Britain, as the latter will no longer be subject to the Korea-EU Free Trade Agreement upon Brexit. “The vote to reject the Brexit deal was seen to have a limited impact on global financial ma


By The Korea Herald
January 17, 2019

Diplomacy, Economics

Beijing rebukes French, German ambassadors

Beijing says award for Chinese lawyer is politically motivated. Beijing on Wednesday slammed the French and German ambassadors to China after they granted a human rights award to a detained Chinese lawyer, saying their wrongdoing gravely violated China’s internal affairs. The Foreign Ministry said in a statement that China has lodged stern representations and expressed strong dissatisfaction, as well as firm opposition, to the ambassadors’ action. The relevant case is purely judicial, which has nothing to do with human rights, the ministry said. The wrongdoings of Germany and France gravely interfered with China’s internal affairs and judicial sovereignty, the ministry said. China urges the ambassadors of relevant countries to do more to develop bilateral relations and enhance political mutual trust, not the opposite, it added. The lawyer, Yu Wensheng, was detained


By China Daily
January 17, 2019

Diplomacy, Economics

Singapore-Malaysia relations still ‘good’, says Malaysian Foreign Minister

Ties between Malaysia and Singapore are still “good” despite ongoing air and maritime disputes between the two countries. “Our relations with Singapore remain good. There are some issues but we are talking to each other, and that is very important,” said Malaysian Foreign Minister Saifuddin Abdullah on Wednesday (Jan 16), “Most importantly, the discussions are going on. I am confident the discussions are moving in the right direction.” He said five senior government officials will meet with their Singaporean counterparts to discuss ongoing issues. Besides Mr Saifuddin, the others are Transport Minister Anthony Loke, Economic Affairs Minister Azmin Ali, Attorney-General Tommy Thomas and Foreign Ministry secretary-general Muhammad Shahrul Ikram Yaakob. Both Singapore and Malaysia are currently locked in two separate disputes – over 


By The Straits Times
January 17, 2019

Diplomacy, Economics

China accuses Canada of double standard

Beijing slams Justin Trudeau’s criticism of drug smuggler’s death sentence. China on Tuesday expressed strong dissatisfaction at the Canadian prime minister’s criticism of a drug smuggler’s death sentence, urging the country to respect China’s judicial sovereignty and stop making irresponsible remarks. Foreign Ministry spokeswoman Hua Chunying told a daily news briefing that drug crimes are recognized worldwide as serious crimes and are extremely harmful to the society. She said all countries severely crack down on the issue and so does China. Remarks made by a “relevant Canadian person” lack the spirit of rule by law, she said, urging the Canadian side to correct the mistakes and stop making irresponsible remarks. Robert Lloyd Schellenberg, a Canadian national convicted of smuggling over 222 kilograms of methamphetamines, was sentenced to death on Monday at


By China Daily
January 16, 2019