French President Emmanuel Macron Promises Funding for Solar Energy in Developing Countries

Solar Energy

French president Emannuel Macron who is a fervent propeller of green energy claimed that France will give 700 million euros until 2022 for solar energy projects in developing countries. The price France claimed earlier was 300 million euros for the common project with India aimed at the sunny and poor countries of the world.

At the International Solar Alliance in New Delhi, Macron called for a mobilization and quickening of the pace at which the solar energy projects are developing. The prime minister of India, Narendra Modi, is also determined to decrease the carbon energy dependency of developing nations. Investors and leaders from 20 southern nations were urged to make the solar energy a common priority of third-world countries.

As one of the largest polluters, India is on its way to become the world's largest producer of clean energy. At the Paris climate summit in 2015, India claimed that by 2030, 40% of its energy will be from solar power and other renewable resources if the funding goes according to plan.

The giant nation of more than a billion citizens is working on providing electricity to millions of poor people without increasing its emissions.

Both of the national leaders of Frane and India look forward to trillion dollars of solar spending by 2030 in 121 nations that do not have sufficient investments in the solar energy sector.

Because of speeding climate change, Macron urged world leaders in December to combat global warming in all ways possible including the alternative energy resources. The solar projects of New Delhi attracted the partnership of France in the strive towards a better energy future for the planet.

The beginning of the collaboration between the two nations was the opening of the new 100-megawatt solar plant near Varanasi, an Indian city.

On Monday, Macron and Modi finally inaugurated the largest solar power plant in India's state of Uttar Pradesh. The 75-megawatt facility was ceremonially dedicated to the people. The plan is to achieve such an energy generation by 2020 that will be enough to expand into the European Union for the first time in history. For this, India will need around $83 billion dollars until 2022 to achieve its 175 GW goal. France is more than happy to cooperate with the common goal and fund the project but more help might be required in time from other sources.

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