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 U.N. climate talks in Glasgow, Scotland.
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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