Page 49 - Policy Economic Report - October 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

which aims to solarise 10 million households, and the PM-KUSUM scheme for farm-level solarisation—
India is ready to partner with other countries in implementing similar initiatives.”

Mr Ashish Khanna, Director General of ISA said, “Global renewable energy is at an inflection point. It
took oil 25 years to reach 1,000 GW — renewables doubled that in just two years. For the first time,
renewable generation has surpassed fossil generation. This is a decisive moment for the Global South to
lead. The coming decade must be defined not only by ambition but by tangible action. In this new
energy landscape, ISA is emerging as a platform of aggregation—convening nations for collective action
to drive large-scale solar deployment. Our vision is to accelerate this momentum by moving from
commitments to concrete projects, from dialogue to delivery, and from potential to measurable
impact—ensuring solar truly becomes the foundation of a sustainable and inclusive future.”

Recalling Hon’ble Prime Minister Shri Narendra Modi’s vision at the first ISA Assembly in 2018, Mr
Khanna emphasised ISA’s role in enhancing solar deployment through aggregation, harmonising
technology standards, enabling data-driven energy planning, supporting research and innovation, and
advancing One Sun, One World, One Grid (OSOWOG). He highlighted India’s potential to become the
“Silicon Valley for Solar” with the establishment of the Global Capability Centre (GCC), linked with STAR-
C hubs worldwide for technical support, digital tools, and training.

The Eighth Session of the ISA Assembly will focus on four strategic pillars: Catalytic Finance Hub; Global
Capability Centre & Digitisation; Regional & Country-Level Engagement; and Technology Roadmap &
Policy. Ministerial and technical sessions will explore actionable priorities, including advancing catalytic
finance through the Africa Solar Facility, strengthening country partnerships through the Small Island
Developing States (SIDS) Platform, a dedicated initiative to support SIDS in accelerating solar energy
deployment through finance, technology, and capacity-building partnerships. and scaling innovation via
floating solar, AI and digitisation, OSOWOG, green hydrogen, and standards and testing and solar for
agriculture, underscoring ISA’s shift from ambition to action.

The Assembly will also see the release of ISA’s flagship reports—Ease of Doing Solar 2025 and Solar
Trends 2025—outlining global progress and pathways to scale solar deployment.

Ahead of the Assembly, ISA convened Regional Committee Meetings across its four regions: Europe &
Others in Brussels (10–12 June), Asia-Pacific in Colombo (15–17 July), Latin America & the Caribbean in
Santiago (4–6 August), and Africa in Accra (2–4 September). These meetings, attended by
representatives from over 100 countries, reviewed progress, addressed challenges, and aligned regional
initiatives with ISA’s global priorities. Recommendations on catalytic finance, innovation partnerships,
and solarisation for energy access will feed into the Assembly’s deliberations and outcomes.

PM Modi’s Vision Heralded a Solar Energy Revolution; 21st Century Belongs to India: Union Minister
Pralhad Joshi

Union Minister for New and Renewable Energy, Shri Pralhad Joshi, addressed the 'Vibrant Gujarat'
Regional Conference organized at Ganpat University in Mehsana. He lauded Gujarat's achievements in

October 2025 Page | 48