India and France lead efforts to boost solar power generation

Modi's government unveils 27 solar projects in 15 countries at cost of $1.4 billion

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Indian Prime Minister Narendra Modi, right, and French President Emmanuel Macron at the inauguration of a solar power plant at Mirzapur in northern Uttar Pradesh state on March 12. (Photo courtesy of Press Information Bureau of India)

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- India and France have joined hands to spearhead a global "solar revolution" with an aim to generate one terawatt of energy by 2030, an ambitious goal that requires $1 trillion in funds.

"There are financial and regulation hurdles and capacity hurdles," said visiting French President Emmanuel Macron at the founding conference of the International Solar Alliance here on Sunday. He added the private and public sectors and society needed to come together to overcome these challenges.

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