<\/span><\/h2>\n\n\n\nThe OWOSOG project transcends the boundaries to answer all these issues. It says that \u2018the sun never sets\u2019. The OWOSOG is concerned with \u201cwhen the world comes together and installs a mutual grid system, all the countries shall receive electricity irrespective of the weather conditions there\u201d. The one who shall have day will supply energy to the countries experiencing night.<\/p>\n\n\n\n
The countries enjoying summer shall supply electricity to the countries undergoing monsoon. This way, the energy requirements of the whole world are met when global cooperation takes place. The countries that come between the Tropic of Cancer and the Tropic of Capricorn are called Sunshine countries. These countries can play a major role in solar power generation.<\/p>\n\n\n\n
Three Phases of OSOWOG<\/h3>\n\n\n\n
The OSOWOG is divided into 3 phases-<\/p>\n\n\n\n
Phase 1:<\/strong><\/p>\n\n\n\nIn the first phase of OSOWOG, the Middle East, South Asia, and South East Asia will be connected to the Indian Grid.<\/p>\n\n\n\n
Phase 2:<\/strong><\/p>\n\n\n\nThe grid will be interconnected to the African power pools in the second phase of OSOWOG initiative.<\/p>\n\n\n\n
Phase 3:<\/strong><\/p>\n\n\n\nGlobal interconnection of solar power grid shall be achieved under OSOWOG initiative.<\/p>\n\n\n\n
The initiative aims to achieve energy generation of up to 2600 GW through a global grid interconnection by the year 2050.<\/p>\n\n\n\n
<\/span>Support of the International Solar Alliance<\/span><\/h2>\n\n\n\nThe First Assembly of the International Solar Alliance became a platform for tabling this initiative. An International Solar Alliance was entered upon by 119 signatory countries. This alliance was initiated by India and France on November 30, 2015, during the Paris Climate Conference (COP 21).<\/p>\n\n\n\n
The primary objective of this initiative is to work towards efficient utilisation of solar energy that eventually will reduce the dependence on fossil fuels. The International Solar Alliance can be summarised as follows:<\/p>\n\n\n\n
<\/span>Objectives of the Alliance<\/span><\/h2>\n\n\n\nSome of the significant objectives of alliance are mentioned below-<\/p>\n\n\n\n
1) Mobilization of Investments:<\/h3>\n\n\n\n
The ISA aims to mobilize more than 1,000 billion USD by 2030 for the deployment of solar energy on a large scale. It also aims at reducing the cost of solar energy and associated technologies.<\/p>\n\n\n\n
2) Collaborative Efforts:<\/h3>\n\n\n\n
The aim is to undertake joint efforts to lower the cost of finance and technology.<\/p>\n\n\n\n
3) Technological Advancement:<\/h3>\n\n\n\n
The alliance aims at promoting research and development to adapt future technologies that can meet the member countries needs.<\/p>\n\n\n\n
<\/span>Guiding Principles of the Alliance<\/span><\/h2>\n\n\n\nThe Guiding principles of the alliance is to engage in voluntary programs and activities to harmonize and aggregate demand for solar resources as well as to establish close cooperation among the members to set up robust mechanisms for finance, technology, and capacity building. This also includes the exchange of knowledge and best practices to optimize the use of solar energy.<\/p>\n\n\n\n
<\/span>Key Initiatives taken under this Alliance<\/span><\/h2>\n\n\n\nThere are several key initiatives that have been undertaken under this alliance. They are as follows:<\/p>\n\n\n\n
1) Scaling Solar Applications for Agricultural Use:<\/h3>\n\n\n\n
It focuses on promoting solar pumps instead of diesel or electric pumps. This initiative supports farmers by providing reliable and affordable energy for irrigation.<\/p>\n\n\n\n
2) Affordable Finance at Scale:<\/h3>\n\n\n\n
This initiative works towards coming up with innovative financial mechanisms to lower the cost of capital for solar projects. It is under this initiative that the mobilization of financial resources for large-scale solar projects is done.<\/p>\n\n\n\n
3) Scaling Solar Mini Grids:<\/h3>\n\n\n\n
This initiative promotes the deployment of solar mini-grids to ensure energy access in remote areas. The aim of this initiative is to support sustainable and resilient solar energy infrastructure in deserved regions.<\/p>\n\n\n\n
<\/span>The Green Grid Initiative<\/span><\/h2>\n\n\n\nIn May 2021, the United Kingdom and India agreed to combine the Green Grid Initiative with the OSOWOG initiative and to jointly launch it at the COP26 summit that was going to be hosted in Glasgow in November 2021. Eventually, on November 2, 2021, at the COP26 summit, the PM of India, Mr Narendra Modi and the PM of the UK, Mr Borris Johnson, jointly launched the GGI-OSOWOG initiative in the \u2018Accelerating Innovation and Clean Technology Deployment\u2019 event.<\/p>\n\n\n\n
<\/span>Union Budget 2024<\/span><\/h2>\n\n\n\nThe Union Budget 2024 of India launched the PM Surya Ghar Muft Bijli Yojana, which aims to install solar rooftops and enable 1 crore households to obtain free electricity up to 300 units every month. This scheme has received a huge response, with 1.28 crore registrations completed and more than 14 lakh applications received.<\/p>\n\n\n\n
<\/span>Conclusion<\/span><\/h2>\n\n\n\nIndia has aimed to achieve 500 GW of non-fossil fuel-based power generation capacity by 2030. With respect to solar power plants, there are still several challenges to beat. The main one is building the capacity to manufacture solar panels. Solar panels today are largely manufactured in China. Moreover, solar panels are expensive.<\/p>\n\n\n\n
With a joint initiative with the ISA, a reduction in production costs may be achieved. It will not only benefit India but also the global fraternity to move towards sustainable development.<\/p>\n\n\n\n
<\/span>Frequently Asked Question<\/span><\/h2>\n\n\nWhat is the concept of OSOWOG?<\/h3>
It is an initiative launched by India at the First Assembly of ISA, in 2018 which aims at establishing a global electricity grid for the generation of solar energy for the world.<\/p>
What is India's target for reaching its renewable energy goal by 2030?<\/h3>
India targets at achieving 500 GW of renewable energy by 2030.<\/p>
What is India's rank in solar energy generation?<\/h3>
India ranks fifth globally in solar energy generation.<\/p>
Which is the largest solar power plant in India?<\/h3>
The Bhadla Solar Park in India is the world\u2019s largest solar park. It is located in the Jodhpur district, Thar desert of Rajasthan. Spread over 14,000 acres of land, it generates about 2,245 MW of solar energy.<\/p>
Which is India's first solar village?<\/h3>
The Modhera village in the Mehsana district of Gujarat is India's first fully solar-powered village.\u00a0<\/p>
Is OSOWOG a part of ISA?<\/h3>
Yes, the One Grid, One World, One Grid initiative is part of the International Solar Alliance.<\/p>
Which country launched the International Solar Alliance?<\/h3>
Indian Prime Minister Narendra Modi and France's former Prime Minister Francois Hollande launched the International Solar Alliance.<\/p>
\u00a0Which city is the headquarters of the ISA currently?<\/h3>
Gurugram in India is the headquarters of the International Solar Alliance.<\/p>
Who is the Director General of the International Solar Alliance?<\/h3>
Dr. Ajay Mathur is the Director General of the International Solar Alliance.<\/p>
Which country is the largest solar energy-producing country?<\/h3>
China is the largest solar energy-producing country, followed by the United States and Japan.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"
The energy to the world is largely supplied by oil, followed by coal, gas, and hydroelectric power. Burning of fossil fuels contributes 3\/4th of the greenhouse gas emissions in the world. Not only are we dependent on a limited, non-renewable source of energy, but an energy that is further creating environmental problems for the earth. […]<\/p>\n","protected":false},"author":85,"featured_media":65743,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[153],"tags":[],"acf":{"service_id":"0"},"authorName":"Shuchi Saxena","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2024\/03\/suchi.png","authorDescription":"Shuchi Saxena is an experienced business advisor with 10+ years of experience in management consulting. Maintaining a creative flow while writing content comes naturally to her. 99.2% of her writeups are problem-solving and help readers get what they intend to look out for. Her expertise lies in Startup Advisory, Regulations, Consulting, Environmental Advisory, etc.","postViews":1801,"readingTime":8,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/65742"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=65742"}],"version-history":[{"count":2,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/65742\/revisions"}],"predecessor-version":[{"id":65746,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/65742\/revisions\/65746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/65743"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=65742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=65742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=65742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}