Solar Green Grids Initiative
GS Paper - 3 (Energy)
India and the UK are set to enhance their International Solar Alliance (ISA) partnership with the launch of a new Green Grids Initiative connecting different parts of the world at the United Nations (UN) COP26 climate summit in Glasgow. The new Global Green Grids Initiative – One Sun One World One Grid (GGI-OSOWOG) is an evolution of ISA's OSOWOG multilateral drive to foster interconnected solar energy infrastructure at a global scale.
- The new Green Grids Initiative, to be launched at COP26 on 2 November 2021, will mark a merging of flagship interconnection initiatives from India and the UK as part of their bilateral cooperation.
- This initiative will bring together an international coalition of national governments, financial organisations, and power system operators to accelerate the construction of new infrastructure.
- India-led ISA, an inter-governmental treaty-based international organisation with a global mandate to catalyse global solar growth by helping to reduce the cost of financing and technology for solar, is designed to establish solar energy as a shared solution that simultaneously addresses climate, energy, and economic priorities across geographies.
- ISA, headed by Director General Dr Ajay Mathur and with 98 countries supporting its framework, is aimed at facilitating energy transition at a global level, energy security at national levels, while also ensuring energy access at the local level.
- The alliance said it is working with development banks to bring the benefits of solar across the world.
- The ISA is an observer to the United Nations Framework Convention on Climate Change (UNFCCC) and has been an active participant at Conference of Parties (COPs).