India and the U.K. will launch a project that aims to create a solar grid connecting countries in different parts of the world at the upcoming UN climate talks in Glasgow, Scotland.
The project, known as the "Green Grids Initiative," is being initiated by the International Solar Alliance, which was launched by India and France at the 2015 Paris climate conference to promote solar energy. The U.K. and India agreed to join forces in the initiative in May this year.
The new project is based on the idea that the sun is always shining in some part of the world, and the project aims to create a global grid that will transfer the sun's power from one place to another, said Ajay Mathur, the director general of the International Solar Alliance. Mathur said estimates showed that in the next three years, solar power will become as cheap as power from fossil fuels, which will make it easier to build new solar power plants and storage facilities. But even then it will require countries with different priorities to reach complex agreements.
Mathur said investors need to be assured their investment is safe and that they can get a positive return, while also ensuring that the cost of the electricity generated will be affordable.
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