India & UAE To Ink A Deal On Renewable Electricity Grid Link
India’s Minister of Power & Renewable Energy stated that India & UAE are close to ink an agreement on interconnection for the clean & renewable energy.
According to India’s Minister of Power and Renewable Energy, the two nations India and the United Arab Emirates (UAE) are nearing a “big deal” on a renewable energy interconnection.
Raj Kumar Singh, who is in the Gulf Arab oil company for the IRENA assembly in Abu Dhabi, where India is serving as the organization’s president, told Reuters that the accord was still pending final permissions. However he did not provide a timeline in more detail.
One Sun, One World, One Grid
“There is a strong agreement for an interconnection between the UAE power system, and the Indian grid,” Raj Kumar Singh stated.
He continues by saying that this would fall under the “One Sun, One World, One Grid (OSOWOG)” program, an initiative by a group of nations to build networks for renewable energy.
The OSOWOG programme intends to transfer renewable energy electricity by connecting grids, and it was first put forth by Indian Prime Minister Narendra Modi.
Strong Agreement For Renewable Electricity
The agreement on renewable energy between India and the UAE seems to be achieved soon. According to Singh, the UAE has also stated that it plans to invest more in India’s wind and solar energy projects.
India’s embassy in the UAE announced on Twitter on Friday that India and the UAE also inked a Memorandum of Understanding on January 13 on the development of green hydrogen produced using renewable energy.
The Ministry of Foreign Affairs and International Cooperation of the United Arab Emirates declined to react right away.
He said, “Both sides have agreed. “We think it will happen,”
The Gulf state and India signed a comprehensive trade pact last year with the goal of boosting bilateral non-oil commerce to $100 billion over the following five years.
Reiterate Commitment For Clean Energy
Singh endorsed the UAE’s hosting of the COP28 climate summit this year and also backed Sultan Al Jaber, president-designate of COP28 and CEO of the UAE’s national oil corporation ADNOC.
Some environmentalists who feared that fossil fuel companies would control the global reaction to the environmental crisis criticized Jaber’s selection.
The Indian minister claimed that Jaber was the point man for renewables, for climate change. He has been working on green ideas in the oil and gas sector as well. When you look at energy transition, you look at the whole energy sector, the whole basket.”
Jaber assisted in the establishment of Abu Dhabi’s renewable energy company Masdar in 2006 and serves as the UAE’s minister of industry and innovative technology.
There is a reiterate commitment of India and UAE towards clean and renewable energy. The UAE and other Gulf energy producers have urged for a practical transition that maintains hydrocarbons’ role in energy security while committing to decarbonization.