Under the One Sun, One World, One Grid project, India and the United Arab Emirates (UAE) conducted negotiations in June to connect their systems via undersea cables so that both nations could trade in renewable energy.
According to a news report in an Indian business daily, the nations are aiming to sign a memorandum of understanding for electricity connectivity and trade. The Union Cabinet in India has received a proposal for subsea cable grid connectivity. The UAE will conduct a feasibility study, adds the report.
India can consider using Oman as a port of call and then using the connectivity to the UAE. As the Gulf nation intends to increase its grid connectivity with North Africa and Europe, giving it the chance to sell renewable energy further, this would be strategically significant for India.
By 2030, India wants to have 500 GW of renewable energy capacity, with solar energy playing an important part. The nation presently has 67.8 GW of installed solar power capacity. In addition to cooperation and knowledge sharing, the nations plan to invest in sustainable energy and reform the electricity market and distribution. Effective cooling systems are one of the common interest themes of the forthcoming climate conference, COP28, to be hosted in the UAE from November 30 to December 12, 2023.