Focus on green grids at International solar assembly

Tribune News Service

New Delhi, October 16

The upcoming International Solar Alliance (ISA), to be held virtually between October 18 and 21, will discuss various emergent issues in the solar and clean energy sector.

The fourth assembly of the ISA will deliberate on key initiatives around the operationalisation of green grids initiative — ‘One Sun One World One Grid’ (OSOWOG) — $1 trillion Solar Investment Roadmap for 2030 and approval of a blended financial risk mitigation facility, according to a statement.

A detailed report on the OSOWOG is expected to be discussed at the assembly.

Leaders of the member countries will also discuss the strategic plan of the ISA for the next five years encompassing a country partnership framework, strategy for private sector engagement and initiatives, such as viability gap financing scheme to facilitate affordable finance for solar energy projects across ISA’s membership.

The ISA will also discuss partnership with Global Energy Alliance to scale-up technical and financial support to least developed countries and small island developing states. The concept of a single global grid for solar was first outlined at the first ISA assembly in the late 2018.

The event will be presided over by Power and New and Renewable Energy Minister RK Singh, who is also the president of the ISA assembly.