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PM MODI CALLED FOR ‘ONE SUN, ONE WORLD, ONE GRID’

PM MODI CALLED FOR ‘ONE SUN, ONE WORLD, ONE GRID’

Context:

On November 2, 2021, Prime Minister Narendra Modi called for 'One Sun, One Earth, One Grid' to improve solar energy efficiency.

About OSOWOG:

  • The 'One Day, One World, One Grid' (OSOWOG) solution will be used to address the solar energy challenge.
  • The project is about setting up an ‘international power grid to provide solar power around the world’.
  • The vision behind OSOWOG is ‘The Sun Never Sets’.
  • It is India's most prominent scheme and is important in terms of economic benefits.
  • It is taken under the World Bank's technical assistance program.

Significance of the OSOWOG:

  • Assist all participating entities in attracting investment in renewable energy sources and utilizing skills, finance and technology.
  • It leads to reduced project costs, higher efficiency and increased asset utilization for all participating organizations.
  • The effects of economic benefits can have a positive impact on poverty alleviation and support in reducing water, sanitation, food and other socio-economic challenges.
  • It enables national renewable energy management centres in India to grow as regional and global centres.

There are Three phases of OSOWOG:

  • First Phase: It will include connectivity within the Asian continent. The Indian grid will be connected to the grids of South Asia, South-East Asia and Middle East as a common grid to share solar energy.
  • Second Phase:  It would connect the functional first phase to the pool of renewable resources in Africa.
  • Third Phase: It will involve global interconnection.

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