Power, New and Renewable Energy Minister R. K. Singh on Wednesday addressed the Ministerial Session of the Green Grids Initiative-One Sun, One World, One Grid, Northwest Europe Cooperative Event. The event saw the participation of Secretary of State for Business, Energy and Industrial Strategy of the United Kingdom Kwasi Kwarteng and the Minister of Energy of Belgium Ms. Tinne Van der Straeten.
In his address, Mr Singh affirmed India’s commitment to the environment and the cause of clean energy and energy transition and highlighted India’s target of achieving 450 Giga Watt of installed renewable energy capacity by 2030. He underlined that India is well on its way to achieving its Nationally Determined Contributions relating clean energy and emission reduction well ahead of the target date.
Acknowledging the challenges presented by the intermittent nature of solar and wind energy sources and by the high cost of energy storage, Mr. Singh presented the GGI-OSOWOG initiative as a possible solution for driving down the need for storage and in effect reduce the costs of the energy transition.
Director General of the International Solar Alliance (ISA) Dr. Ajay Mathur and Country Director of World Bank India Dr. Junaid Ahmad provided insights into the work that is being undertaken toward the initiative.