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INDIAN AFFAIRS
FRANCE COMMITS €300 MILLION FOR SOLAR ENERGY
February 5, 2016
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1.French President Francois Hollande on Monday committed €300 million (around $325 million or Rs. 2,200 crore) over the next five years for the global development of solar energy and said the real challenge was to attract investments worth a trillion dollars to promote the renewable source.

2.Through this solar alliance, the French President said, he would like to open a new chapter to help give countries with no resources other than the sun an opportunity to produce electricity for meeting the needs of most of their people.

3.The International Solar Alliance, envisaged to bring together 122 countries that lie wholly or partly between the Tropic of Cancer and the Tropic of Capricorn, is an initiative announced by Mr. Modi at the COP 21 Summit in Paris in November. The member countries are to be those that enjoy 300 or more days in a year of bright sunlight.