One Sun, One World, One Grid (OSOWOG) initiative
India’s mega plan of "One Sun, One World, One Grid" (OSOWOG) — a trans-national electricity grid supplying solar power across the globe. The idea was first floated by Modi in 2018 during the first assembly of International Solar Alliance (ISA). Policy experts describe it as part of India’s answer to China’s “One Belt One Road” project.
According to the draft plan of the Ministry of New and Renewable Energy (MNRE), the ambitious OSOWOG will connect 140 countries through a common grid that will be used to transfer solar power.
India to have 60% power capacity from renewable energy by 2030
India can integrate more than 30% of wind and solar in its power system, while still maintaining security of supply and without raising the total economic costs of its electricity system, according to a new report by The Energy and Resources Institute (TERI). The report also identifies a number of strategies to achieve this. The report, titled ‘Renewable Power Pathways: Modelling the Integration of Wind and Solar in India by 2030’, was launched with the report titled ‘Bending the Curve: 2025 Forecasts for Electricity Demand by Sector and State in the Light of the COVID Epidemic’.
Power minister launches pan-India real-time market in electricity
Power and renewable energy minister launched the pan-India real-time market (RTM) in electricity, placing India amongst a few electricity markets in the world having it. RTM is an organized market platform to enable the buyers and sellers pan-India to meet their energy requirement closer to real time of operation. RTM would bring required flexibility in the market to provide real-time balance while ensuring optimal utilisation of the available surplus capacity in the system and would also help manage demand pattern diversity in the country with an organized market.
Ministry of New and Renewable Energy (MNRE) issued following notifications/guidelines
- RFP for Developing a Long-Term Vision, Implementation Plan, Road Map and Institutional Framework for implementing One Sun One World One Grid (OSOWOG). Read more/Download
- Request for comments on draft specifications for technology neutral Lithium batteries for solar off-grid applications. Read more/Download
- Order for formation of Project Development Cell (PDC) for "Attracting Investments in India". Read more/Download
- Modifications in Scheme for “Development of solar parks and Ultra Mega solar power projects” – Read more/Download