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Following the first summit of the International Solar Alliance held recently in New Delhi, the Indian government announced $1 billion in assistance
for the implementation of solar projects in several African countries.
India's Ministry of External Affairs has developed guidelines to provide $1 billion in assistance for 23 projects in
13 African countries.
These countries include Benin, Burkina Faso, Chad, Mali, Niger, Togo, Guinea, Democratic Republic of the Congo, Ghana and Nigeria
.
The International Solar Alliance was proposed by Indian Prime Minister Narendra Modi and launched in 2017 at the Climate Change Summit with the French government to support the installation of 1,000 GW of solar power capacity worldwide by 2030, which is also in line with India's strategic vision for renewable energy
.
Industry insiders also pointed out that funding solar projects in African countries would put India in direct competition with China, which has a long
history of funding energy projects in Africa.
Indian media said that Indian manufacturers will provide solar modules, which may be cheaper than Chinese manufacturers
.
If this is indeed the case, it will extend the trade war between Indian and Chinese solar cell and module manufacturers to the African continent
.
By providing credit lines to African countries, India will not only be able to achieve its strategic goals, but will also open up new markets
for weak domestic solar module manufacturers.
Not long ago, it was reported that the Indian government will allow Indian solar companies to set up offices in other countries, with the goal of achieving faster and easier implementation
of solar energy policies and infrastructure.
Following the first summit of the International Solar Alliance held recently in New Delhi, the Indian government announced $1 billion in assistance
for the implementation of solar projects in several African countries.
India's Ministry of External Affairs has developed guidelines to provide $1 billion in assistance for 23 projects in
13 African countries.
These countries include Benin, Burkina Faso, Chad, Mali, Niger, Togo, Guinea, Democratic Republic of the Congo, Ghana and Nigeria
.
The International Solar Alliance was proposed by Indian Prime Minister Narendra Modi and launched in 2017 at the Climate Change Summit with the French government to support the installation of 1,000 GW of solar power capacity worldwide by 2030, which is also in line with India's strategic vision for renewable energy
.
Industry insiders also pointed out that funding solar projects in African countries would put India in direct competition with China, which has a long
history of funding energy projects in Africa.
Indian media said that Indian manufacturers will provide solar modules, which may be cheaper than Chinese manufacturers
.
If this is indeed the case, it will extend the trade war between Indian and Chinese solar cell and module manufacturers to the African continent
.
By providing credit lines to African countries, India will not only be able to achieve its strategic goals, but will also open up new markets
for weak domestic solar module manufacturers.
Not long ago, it was reported that the Indian government will allow Indian solar companies to set up offices in other countries, with the goal of achieving faster and easier implementation
of solar energy policies and infrastructure.