French president Francois Hollande and his Indian counterpart Narendra Modi said they have secured the support of about 120 countries for the new group, which will “undertake innovative and concerted efforts with a view to reducing the cost of finance and cost of technology for immediate deployment of competitive solar generation assets”.
The body will work to promote common approaches over R&D, standards and training, with a view to technology transfer from wealthier to poorer nations, especially in Africa.
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