Panama becomes 97th member of International Solar Alliance
This was announced by Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal. In a significant development for global renewable energy efforts, Panama has officially become the 97th member of the International Solar Alliance (ISA). Panama’s accession underscores the country’s commitment to adopting sustainable energy sources and is an important step in the global march towards a greener future.
Key take aways
Founders of International Solar Alliance: Narendra Modi, François Hollande;
Chairman of International Solar Alliance: R.K. Singh;
Establishment of International Solar Alliance: 30 November 2015
Panama’s commitment to solar energy
The formal ratification process was completed in New Delhi, where Panamanian Ambassador Yaseel Burillo presented the ratification document to the Foreign Ministry’s Joint Secretary (Economic Diplomacy) Abhishekiffs.
The Act reflects Panama’s dedication to working within the ISA framework, engaging with other member countries to harness the vast potential of solar energy.
Abhishek Singh, Joint Secretary (ED & MER) in the Ministry of External Affairs, expressed gratitude for Panama’s participation while emphasizing the value of international cooperation in promoting renewable energy progress.
ISA’s growing global influence
The ISA, the brainchild of India and France, aims to make worldwide efforts to increase the use of solar energy and reduce dependence on fossil fuels. This initiative is crucial in addressing climate change and promoting sustainable development.
Just days before Panama joined, according to the Ministry of External Affairs, Malta was welcomed as the 119th country to enter the ISA. This discrepancy in numbers highlights the dynamic and rapidly evolving nature of the membership of the ISA, which currently counts 116 signatory countries to its Framework Agreement . The impact and commitment of the ISA was on display during the sixth assembly held at Bharat Mandapam, Pragati Maidan, New Delhi.
ISA Director General Ajay Mathur announced that solar investment is projected to reach $380 billion this year, a significant increase from last year’s $310 billion. He also highlighted the role of ISA in promoting the development of 9.5 GW of solar power projects across the world.