The ‘Green Grids Initiative – One Sun One World One Grid’ was announced at the COP26 climate conference in Glasgow and was also slated to include mini-grids and off-grid solutions to ensure no one is left without access to energy.
Moving to energy systems that are heavily reliant on renewable sources like wind and solar power will require development of infrastructure that is capable of coping with far greater shares of variable energy while meeting growing power demands.
Cross-continental energy grids will make it easier to transport energy from one area to another depending on where it is most needed. For example, an area that has surplus renewable generation from high wind speeds could supply demand in another location that does not have the same ability to generate low-carbon energy.
A recent analysis from the International Energy Agency called for a tripling in investment in grid expansion and modernisation from $260bn to $800bn annually by 2030...