To kickstart the bold One Sun, One World, One Grid (OSOWOG) mission floated by the International Solar Alliance (ISA), the South Asian community and current energy switch between India, Nepal, Bhutan and Bangladesh could be boosted in the primary section of the motion plan.
Prime Minister Narendra Modi in his Independence Day tackle final yr, reiterated the mega plan of having OSOWOG or a transnational electrical energy grid supplying solar energy throughout the globe. The concept was first introduced by the PM in 2018 through the first meeting of one other worldwide entity, the ISA.
A authorities assertion mentioned, the Fourth Assembly of the ISA, which is being hosted in India this week, will deliberate on the important thing initiatives across the operationalisation of the OSOWOG initiative, the $1 trillion Solar Investment Roadmap for 2030, and approval of a blended monetary threat mitigation facility.
The ISA through the first day of conferences in its fourth basic meeting mentioned the OSOWOG plan and the necessity for it to be half of the India’s local weather motion plan. Ajay Mathur, director basic, ISA mentioned the that is an economically viable concept and ISA will quickly launch the report it commissioned to review the viability of the mission.
He mentioned the tender ISA floated with the World Bank was received by a consortium led by French utility EDF together with French consultancy agency AETS and TERI from India.
The World Bank, which has signed a tripartite settlement with ISA and the ministry of new and renewable vitality (MNRE) for implementing OSOWOG, mentioned through the meeting that the mission has two key elements – South Asia Power Pool and India GCC Electricity Interconnection.
Amit Jain, senior vitality specialist, World Bank, mentioned the plan doesn’t solely limit to a worldwide grid however contains vitality storage, decentralised renewable vitality and all kinds of renewable vitality tasks. “It will be an interconnection of regional interconnections. The OSOWOG is also collaborating with the UK which is planning a Green Grids Initiative (GGI). We have also identified projects in Africa and the UK with their own super grids which can be part of global connection,” Jain mentioned throughout his presentation on OSOWOG.
He mentioned as step one, the electrical energy switch between India and the neighbouring nations will be boosted. “There is already 3 Gw of transfer capacity already installed between Bhutan, Bangladesh, Myanmar and Nepal with India. It can be increased to 7 Gw by 2023, and if plans are fulfilled, this capacity can be doubled to 14 Gw by 2025,” Jain mentioned.
He added there are casual discussions happening to develop inter-regional switch capability to 63 Gw between these nations.
In the continuing fourth basic meeting of the ISA, member nations may also talk about the strategic plan of the ISA for the following 5 years encompassing a Country Partnership Framework, Strategy for Private Sector Engagement, and initiatives similar to Viability Gap Financing scheme to facilitate reasonably priced finance for solar vitality tasks throughout ISA’s membership.
The meeting comes simply weeks forward of the UN Climate Change Conference (COP26) which is slated to happen on the finish of this month in Glasgow, UK.
Officially introduced through the COP21 in Paris in 2015, the ISA is a partnership of solar resource-rich nations. Currently, 121 nations have agreed to be members of ISA. Most of these are nations with a big participation from Africa, South-east Asia, and Europe. Pakistan and China aren’t members of the ISA. It is headquartered in Gurugram.