International Solar Alliance meet to host Fortune 500 companies CEOs, award Solar Nobels

New Delhi: With the national capital gearing up to host the first International Solar Alliance (ISA) assembly in December, an ambitious outreach programme is in the works which involves hosting Fortune 500 companies’ chief executive officers (CEOs) and starting a Solar Nobel prize. Also, the Indian imprint on the ISA will be visible with global awards to be announced in the names of former prime minister Atal Bihari Vajpayee and astronaut Kalpana Chawla, according to Upendra Tripathy, interim director general of ISA.

In a first for India, the congregation of global Inc. who’s who is being planned in New Delhi to help create a $1,000 million corpus to help the alliance of 121 sunshine countries situated between the Tropics of Cancer and Capricorn meet their special energy needs.

This comes in the backdrop of India, the world’s third largest energy consumer after the US and China, announcing its intent to stay the course even as the US has announced its withdrawal from the Paris climate deal.

ISA, the first treaty-based international government organisation, which is headquartered in India, assembly will be attended by several heads of states, including French president Emmanuel Macron and Indian Prime Minister Narendra Modi.

“Now, again this (Fortune 500 companies conclave) is a unique part of ISA…They will suggest ideas and ways as to how solar can be promoted…We will invite all the fortune 500 companies and are planning a CEO’s conclave,” Tripathy said in an interview.

ISA plans to put in place a corporate partner scheme, wherein a corpus will be created. With contribution from member countries being voluntary, the idea is to attract 1,000 corporate partners who will contribute $1 million each. The interest earned on this $1,000 million corpus will help in ISA’s functioning.

With India taking a lead role in setting up the ISA, the Indian Renewable Energy Development Agency (IREDA) and Solar Energy Corp. of India (SECI) have announced their $1 million each contribution to the corpus.

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