One Sun One World One Grid Initiative
India recently proposed the ambitious project, One Sun One World and One Grid (OSOWOG), to set up cross border grid infrastructure to connect solar power plants across borders. The key objectives of this project are to galvanise international cooperation for large scale capacity addition of renewable energy, increase demand-side flexibility and address the variability in renewable energy supply. The project is going to be executed in phases: first, connecting the Middle East, South Asia and South-East Asian regions; extending later to the African power pools; potentially leading, during a third phase, to a global grid interconnection. Cross-border electricity trade with deregulated power markets has the potential to optimise renewable energy systems and can help reduce prices of electricity. A long-term view and commitment to developing a global grid will attract investment, manage country-specific risks, create jobs, and encourage technology development.