Business India ×
 Climate Change

Collaboration
Published on: Jan. 17, 2023, 8:48 p.m.
India, UAE join hands for a green grid
  • Singh: ‘both sides have agreed, we believe it will come’

By Business India Editorial

India and the UAE are close to a “major agreement” on a renewable energy interconnection between the two countries, Raj Kumar Singh, Union Minister of Power and New and Renewable Energy said. 

Singh, who is visiting the UAE for the International Renewable Energy Agency's (IRENA) assembly in Abu Dhabi, of which India is currently president, said the agreement was awaiting final approvals.

“There is a major agreement for an interconnection between the UAE electricity grid, and the Indian grid,” Singh said, adding that this would be under the One Sun, One World, One Grid (OSOWOG) initiative by a group of countries to create renewable energy networks.

“Both sides have agreed,” he said. “We believe it will come.” The OSOWOG initiative, first proposed by Prime Minister Narendra Modi, aims to transfer renewable energy power through connecting grids. Singh said the UAE has also indicated it would like to invest more in India's renewable energy projects, including solar and wind. 

India and the UAE also signed a Memorandum of Understanding on 13 January on green hydrogen development, produced using renewable energy, India's embassy in the UAE tweeted. The UAE's Ministry of Foreign Affairs and International Cooperation declined to provide an immediate comment. 

Last year, the UAE concluded a broad trade agreement with India that aims to increase bilateral non-oil trade to $100 billion in the next five years. Singh gave his backing to the UAE as host for the COP28 climate conference this year and also supports Sultan Al Jaber, who is head of state oil company ADNOC and the UAE's climate envoy, as president-designate of COP28.

"He (Jaber) is the point man for renewables, for climate change," the Indian minister said. "When you look at energy transition you look at the whole energy sector, the whole basket, and in the oil and gas sector too, he's been working on green initiatives." Jaber is also the UAE's minister of industry and advanced technology and helped to establish Abu Dhabi's renewable energy firm Masdar in 2006. The UAE and other Gulf energy producers have called for a realistic transition in which hydrocarbons would keep a role in energy security while making commitments to decarbonisation.


Mobility

As companies line up new products, competition hots up

New EVs in the fray

Published on Jan. 25, 2023, 8:20 p.m.

As companies line up new products, competition hots up

Shipping

Embracing the wind to reduce emissions is a growing trend in the shipping industry

Ships get ‘greener’

Published on Jan. 25, 2023, 7:58 p.m.

Embracing the wind to reduce emissions is a growing trend in the shipping industry

Renewable Energy

BPCL signs MoU with Rajasthan to set up a 1 GW RE plant

BPCL to set up 1GW RE plant

Published on Jan. 25, 2023, 7:40 p.m.

BPCL signs MoU with Rajasthan to set up a 1 GW RE plant

Investment

The government mulls to issue its first green bonds at a 'greenium’

Green bonds on cards

Published on Jan. 25, 2023, 7:10 p.m.

The government mulls to issue its first green bonds at a 'greenium’

E-MAGAZINE

Company Feature

Classrooms go live, thanks to Airtel

Published on April 5, 2022, 11:25 a.m.

Despite the pandemic, Bharti Foundation has ensured that children are not deprived of learning opportunities

Column

Collaborative excellence

Published on April 4, 2022, 8:53 p.m.

A policy perspective for meeting SDG-9 in low resource setting of developing economies

Column

Innovation and infrastructure

Published on April 4, 2022, 8:10 p.m.

India is well-positioned to become a model of corporate sustainability

Column

‘More for less’

Published on April 1, 2022, 10:12 p.m.

The merger of technology and SDGs – A game-changing win of the era