NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Wednesday, March 14, 2018

By News Wires

French President Emmanuel Macron on Sunday pledged hundreds of millions of dollars for solar projects in developing countries, as world leaders met in India to promote greater investment in renewable energy.

Macron, who in December warned that the global shift to a green energy future was too slow, said France would extend an extra 700 million euros ($861.5 million) through loans and donations by 2022 for solar projects in emerging economies.

France had already committed $300 million euros to the initiative when it co-founded with India a global alliance in 2015 to unlock new cash for solar projects in sunny yet poor nations.

“We need to remove all obstacles and scale up,” Macron said at the launch of the International Solar Alliance in New Delhi on Sunday.

Photo courtesy of Karsten Würth.