ISA targets $1 trn in solar funds by 2030; S Asia in phase-1 of world grid

Talks will also revolve round the $1 trillion Solar Investment Roadmap for 2030, and approval of a blended financial risk mitigation facility

To kickstart the ambitious One Sun, One World, One Grid (OSOWOG) project floated by the International Solar Alliance (ISA), the South Asian network and existing power transfer between India, Nepal, Bhutan and Bangladesh would be boosted in the first phase of the action plan.

Prime Minister Narendra Modi in his Independence Day address last year, reiterated the mega plan of having OSOWOG or a transnational electricity grid supplying solar power across the globe. The idea was first announced by the PM in 2018 during the first assembly of another international entity, the ISA.

A government statement said, the Fourth Assembly