The UK has confirmed its membership in Indian-led International Solar Alliance (ISA), which has been created to provide affordable and sustainable energy to more than one billion poor people worldwide.
ISA aims to raise $1tn of private and public finance to provide access to cheap, clean and renewable energy to all by 2030.
Indian Prime Minister Narendra Modi’s flagship climate treaty has already brought together more than 60 countries and the UK will be the 62nd country to join ISA.
Other member countries include Australia, Bangladesh, UAE, Brazil, Uganda and France.
As a new member of ISA, the UK will be supporting the alliance in the development of solar water pumps, which can be used by farmers to water their crops rather than pumps that run on diesel.
The solar pumps are already being used by farmers in countries such as Uganda and Bangladesh.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The UK will also be providing its expertise to increase the production of ‘mini-grids’ for supplying power to remote regions.
UK International Development Secretary Penny Mordaunt said: “The signing of this treaty is a momentous occasion for the UK, and demonstrates our continued commitment to providing the very best of British expertise to the renewable energy sector.
“With the UK joining the International Solar Alliance, the lives of almost a billion of the world’s poorest people, across the Commonwealth and beyond, will be changed for the better.
“Partnering with like-minded countries and businesses who share the UK’s commitment to delivering clean, affordable energy will help end poverty while also delivering benefits for the UK by opening up business opportunities for UK renewable energy and green finance companies.
“Without India’s leadership, the Alliance would not have come so far and so fast. By increasing access to solar energy, millions more babies will now be delivered safely, millions of farmers will be able to grow more crops and better support their families, and millions more children can be better educated.”