At a conference in India, the pair agreed to tighten ties in a bid to increase the use of solar energy around the world. With the cost of electricity from solar photovoltaics continuing to fall rapidly, the organisations want to harness what is the ‘fastest growing renewable energy worldwide’.
“IRENA estimates that solar must account for at least 35% of global power capacity by 2050 to meet the objectives the Paris Agreement on climate. In this context, IRENA stands ready to work with ISA and its members to scale-up solar energy deployment as a means to expanding affordable, reliable and sustainable energy access, as well as to addressing climate and energy security concerns. IRENA looks forward to strengthening collaboration with ISA, sharing its knowledge and experience, and making available its project facilitation tools and platforms,” said Adnan Z. Amin, IRENA Director General.
IRENA and ISA will support countries in developing ‘policies and regulations’ that can capitalise on the falling cost of solar.