21 IORA nations adopt the Delhi Declaration

Following the 2nd IORA Renewable Energy Ministerial meet, as many as 21 countries under the purview of the Indian Ocean Rim Association (IORA) adopted the Delhi Declaration on renewable energy in the Indian Ocean region

October 4, 2018

The IORA Ministerial was held along with the 2nd Global RE-Invest (Renewable Energy Investors’ Meet and Expo) summit as well as the 1st assembly of the International Solar Alliance (ISA) member nations

The Delhi Declaration calls for tie-up among the IORA states in meeting the growing demand for renewable energy in the Indian Ocean littorals, along with development of common renewable energy agenda

Under the Declaration, IORA bloc will collaborate with nearly 121 member nations under the gamut of the ISA to drive investment in and development of renewable energy projects in the developing nations

India has emerged as a global leader in new renewable capacity with focus expanding from solar and wind energy to biofuels and bioenergy. Indian is setting up renewable energy capacity of 175 GW by 2022

Over October 2-5 Government of India hosted the 2nd Indian Ocean Rim Association (IORA) Renewable Energy Ministerial meeting, following which as many as 21 IORA states adopted the Delhi Declaration on renewable energy in the Indian Ocean region. The IORA Ministerial was held along with the 2nd Global RE-Invest (Renewable Energy Investors’ Meet and Expo) summit as well as the 1st assembly of the International Solar Alliance (ISA) member nations. Under the Declaration, IORA bloc will collaborate with as many as 121 member nations under the gamut of the ISA to drive investment in and development of renewable energy projects in the developing nations.

The member nations of the IORA include India, Australia, Iran, Indonesia, Thailand, Malaysia, South Africa, Mozambique, Kenya, Sri Lanka, Tanzania, Bangladesh, Singapore, Mauritius, Madagascar, UAE, Yemen, Seychelles, Somalia, Comoros and Oman. Meanwhile, with nearly 121 member states, ISA aims to mobilise investment of more than US$1 trillion from public and private enterprises to instal over 1,000 GW of solar generation capacity worldwide by 2030. As a founding member, Indian has committed over US$24.5 million for setting up the ISA and till date released a sum of over US$19 million for creating a corpus fund, building infrastructure and meeting expenses.

The Delhi Declaration calls for collaboration among the IORA states in meeting the growing demand for renewable energy in the Indian Ocean littorals, development of a common renewable energy agenda for the Indian Ocean region as well as promotion of regional capacity building. The declaration also calls for promotion of technology development and transfer, strengthening of public-private partnerships in clean energy and collaboration among the IORA member states as well as the member nations of the ISA. To reach their renewable energy goals, the IORA member countries have also resolved to collaborate with the International Renewable Energy Agency (IRENA).

Additionally, IORA member nations and IRENA will undertake the expansion of Global Renewable Energy Atlas, the world’s largest-ever joint renewable resource data project. This will create the Indian Ocean region’s first map and database which can then be used to tap the sizable renewable energy potential of the region. This will help stakeholders partner on opportunities under the International Renewable Energy Learning Platform (IRELP). India has emerged as a global leader in new renewable capacity with focus expanding from solar and wind energy to biofuels and bioenergy. Indian is in the process of setting up renewable energy capacity of 175 GW by 2022.