‘One Sun One World One Grid’ (OSOWOG) initiative proposed by India 

‘One Sun One World One Grid’ (OSOWOG) initiative proposed by India 

Part of: GS-Prelims and GS-II – Global Groupings & GS-III – Energy

In News:

• OSOWOG initiative was recently proposed by India to set up a framework for facilitating global cooperation which aims at building a global ecosystem of interconnected renewable energy resources that can be easily shared. 

Key takeaways 

• Parent Body: The Union Ministry of New and Renewable Energy (MNRE) 
• Objective: To build global consensus about sharing solar resources among more than 140 countries of West Asia and South-East Asia.
• This grid shall be interconnected with the African power pools also at the later stage. 
• Proposals are invited from consulting firms for making a long-term OSOWOG road map, and identify two or three cross-border projects that can be initiated within one or two years. 

Important value additions 

India’s other renewable energy-related initiatives 

• International Solar Alliance (ISA) 
  • It is a treaty-based inter-governmental Organisation. 
  • It aims to deploy over 1,000 GW of solar generation capacity globally.
  • It aims to mobilise investment of over $1 trillion by 2030. 
  • Headquartered: Gurgaon. 
  • It was established following the Paris Declaration as an alliance dedicated to the promotion of solar energy among its member countries.
• Presently, electricity is supplied to Bhutan, Nepal, Myanmar and Bangladesh.
• There are now plans to connect Sri Lanka with power transmission lines as well. 
• India, along with the other countries of the South Asian Association for Regional Cooperation had signed an agreement to enable cross-border electricity trade among the member states on a voluntary basis in 2014. 
• Later in August 2018, India also signed a MoU for establishing grid interconnection between the members of the BIMSTEC.