Solar energy outperforms other renewable energy sources and is far more reliable, according to Power Minister R.K. Singh on Wednesday. Addressing the 6th International Solar Alliance (ISA) congress today, the minister stated that regulatory mechanisms in terms of power generation and transmission are essential to stimulate the sector's growth. He remarked that the country's rate of increase in renewable energy capacity has been among the fastest in the world.

"Our vision is to foster environments conducive to attracting investments and ensuring ample energy availability to meet surging global demands." According to the minister, solar energy is best suited for energy access in houses because it can be deployed in modest proportions.

Speaking about the upcoming ISA 6th Assembly, the minister stated that international leaders will gather to accelerate the wider adoption of solar power. "This year, in our capacity during the G20 Presidency, ISA has been advocating decentralized solutions, promoting green hydrogen, and diversification of supply chains."

Ajay Mathur, Director General, ISA, stated that massive investments are being made in the solar sector: "Last year it (investments) was $310 billion, this year it is $380 billion." This compares favorably with the peak of fossil fuel capacity addition in the power production industry.

"Investment in clean energy has grown at a 12% annual rate since 2020, primarily due to solar and wind power projects," Mathur said. However, rising economies only receive a fraction of the resources required to meet their energy needs in a sustainable manner. Among the other issues is the concentration of production in one or two nations, which needs to be geographically diversified.

The ISA's 6th assembly will be held from October 30th to November 2nd, and will focus on universalizing energy access through solar mini grids, mobilizing finance for rapid solar deployment, and diversifying solar supply chains and manufacturing. In addition, ISA will publish papers on solar technology, the solar market, and solar investments.

"Investment in clean energy has seen a 12% annual growth rate since 2020, driven largely by solar and wind power projects," added Mathur. However, Mathur believes that rising economies only receive a fraction of the resources required to meet their energy needs responsibly.

The International Solar Alliance, which has 109 member countries, aims to enable global energy transition, national energy security, and local energy access, according to Bhupinder Singh Bhalla, Secretary, Ministry of New and Renewable Energy.

According to the administration, 96 countries have already registered to attend the 6th ISA meeting.  Solar energy outperforms other renewable energy sources and is far more reliable, according to Power Minister R.K. Singh on Wednesday. Addressing the 6th International Solar Alliance (ISA) congress today, the minister stated that regulatory mechanisms in terms of power generation and transmission are essential to stimulate the sector's growth. He remarked that the country's rate of increase in renewable energy capacity has been among the fastest in the world.

"Our vision is to foster environments conducive to attracting investments and ensuring ample energy availability to meet surging global demands." According to the minister, solar energy is best suited for energy access in houses because it can be deployed in modest proportions.

Speaking about the upcoming ISA 6th Assembly, the minister stated that international leaders will gather to accelerate the wider adoption of solar power. "This year, in our capacity during the G20 Presidency, ISA has been advocating decentralized solutions, promoting green hydrogen, and diversification of supply chains."

Ajay Mathur, Director General, ISA, stated that massive investments are being made in the solar sector: "Last year it (investments) was $310 billion, this year it is $380 billion." This compares favorably with the peak of fossil fuel capacity addition in the power production industry.

"Investment in clean energy has grown at a 12% annual rate since 2020, primarily due to solar and wind power projects," Mathur said. However, rising economies only receive a fraction of the resources required to meet their energy needs in a sustainable manner. Among the other issues is the concentration of production in one or two nations, which needs to be geographically diversified.

The ISA's 6th assembly will be held from October 30th to November 2nd, and will focus on universalizing energy access through solar mini grids, mobilizing finance for rapid solar deployment, and diversifying solar supply chains and manufacturing. In addition, ISA will publish papers on solar technology, the solar market, and solar investments.

"Investment in clean energy has seen a 12% annual growth rate since 2020, driven largely by solar and wind power projects," added Mathur. However, Mathur believes that rising economies only receive a fraction of the resources required to meet their energy needs responsibly.

The International Solar Alliance, which has 109 member countries, aims to enable global energy transition, national energy security, and local energy access, according to Bhupinder Singh Bhalla, Secretary, Ministry of New and Renewable Energy. According to the administration, 96 countries have already registered to attend the 6th ISA meeting.