France will Continue to Assist India in Realizing its Renewable Energy Ambitions

At the COP26 summit in Glasgow earlier this year, Prime Minister Narendra Modi announced India’s goal of 500 GW of renewable energy by 2030. 

French Ambassador to India Emmanuel Lenain wholeheartedly praised India’s pioneering effort of OSOWOG while speaking at an international conference on One Sun, One World, One Grid (OSOWOG) organized by industry association CII. He also promised that France will continue to assist India in achieving its ambitious goal of 500 GW of renewable energy by 2030. 

French companies have installed roughly 10% of solar capacity in India, and more than 20 GW of further capacity is in the process with French assistance. 

He emphasized that France will continue to support India with its knowledge, cutting-edge technology, and financial resources. 

The goal of cross-border solar connectivity is to provide a framework for global collaboration on interconnected renewable energy resources that can be shared effortlessly throughout nations. 

Under the joint leadership of India and the United Kingdom, the ISA is leading the way in allowing collective global action through a multilateral endeavor to achieve “net zero.” 

The Green Grids Initiative — One Sun One World One Grid (GGI-OSOWOG) has formed a steering committee, which includes India, the United Kingdom, the United States, Australia, and France. 

The committee will decide on ways to move the OSOWOG initiative forward as a group. 

The GGI-OSOWOG provides significant benefits to member countries by facilitating global energy transition, delivering many techno-economic benefits, and fostering global economic cooperation. 

It is predicted that the OSOWOG program will be less expensive than decarbonizing existing grid infrastructure. 

OSOWOG is a profitable, realistic, and implementable concept that has the potential to reduce fossil-fuel-related greenhouse gas emissions by 70%. 

It offers the world a fantastic opportunity to solve the challenge of climate change while also maintaining energy security. 

A supportive regulatory environment, multilateral funding, and a robust cross-country power trading market are required for OSOWOG to take off and scale up smoothly.