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PM to inaugurate Global RE-INVEST at Gandhi Nagar

Published: Sep 10, 2024

By TIOLCorplaws News Service

NEW DELHI, SEP 10, 2024: UNION Minister for New and Renewable Energy, Pralhad Joshi said "The Ministry of New and Renewable Energy (MNRE) is  organising the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024) from 16 to 18 September 2024 in Mahatma Mandir, Gandhinagar, Gujarat."

Union Minister while addressing the media in Gandhinagar today informed that Hon'ble Prime Minister of India Narendra Modi will inaugurate the investment meet and exposition on 16th September. He also informed that the valedictory session of the conference and exposition will be chaired by Hon'ble Vice President of India, Jagdeep Dhankar.

The RE-INVEST 2024 aims to highlight India's significant achievement in the renewable energy sector including manufacturing and deployment. India recognizes the importance of building a green sustainable future for the next generation, and at the core of this lies Mission 500 GW that envisages a substantial share of renewable energy share in India's electricity generation by 2030.

Union Minister Pralhad Joshi informed that Australia, Denmark, Germany and Norway are the Partner Countries for the 4th RE-INVEST.

Andhra Pradesh, Gujarat, Madhya Pradesh, Telangana, Rajasthan, Karnataka & Uttar Pradesh are the Partner States for the event.

Union Minister Pralhad Joshi further said "The Event will also have various State governments giving their firm commitments in the form of Shapath-Patra specifying their plans/targets for Renewable Energy sector. All major Banks, financial Institutions will also be giving Shapath Patra about their proposed loans/funding in Renewable Energy sector, apart from this the ShapathPatra will also be given by Developers, manufacturers, private equities investors, top vendors".

Delegations from Australia, Denmark, Germany, Norway, Singapore, Hongkong, USA, UK, Belgium, European Union, Oman, UAE and many more are expected at the event.  The event will comprise of policy makers, industries, financial institutions etc. Union Minister remarked that the German and Danish delegations will be led by their Ministers.

The event will include a two-and-a-half-day conference on renewable energy, innovative financing for the RE Sector, Green Hydrogen, future energy choices, capacity building and an exhibition of renewable-related manufacturers, developers, investors and innovators.

Pralhad Joshi also informed that the conference is expected to see participation of over 10,000 delegates. It will constitute 44  sessions, including a Chief Ministerial Plenary, a CEO Roundtable and several State, country, and technical sessions.

Apart from this, a special session on Women as Leaders in Accelerating Energy Transition: Challenges and opportunities and on start-ups where 10 Solar X Challenge India winners will be pitching for investments,  will be the key attractions in the conference. 

Apart from the conference, there will be  exhibition by Ministry of New and Renewable Energy, Government of India, various State Governments including the host state of Gujarat Public and private sector companies, Startups etc. RE-INVEST 2024 will help increase investment in the RE sector with the opportunity of a large number of  B2B, B2G and G2G meetings. For RE-INVEST 2024, a facility for B2B interactions is being provided through a dedicated B2B digital platform which can be accessed at RE-INVEST official website https://re-invest.in/

A multiple round Multimedia Quiz on all aspects of Renewable Energy will also be concluded during the RE-INVEST. The preliminary round of the quiz was held in the month of August 2024.

There will be huge industry participation both from India and abroad. The Confederation of Indian Industry is the industry partner for RE-INVEST 2024.

RE-INVEST has a strong legacy. The first edition was organized in February 2015 in New Delhi, the second in October 2018 in Delhi NCR, and the third on a virtual platform in November 2020 due to COVID-19 constraints. Each edition of REINVEST has seen large number of  participants, including international attendees. All previous editions have been inaugurated by the Hon'ble Prime Minister of India.

Today, India is well set on a path to achieve 500 GW of non-fossil Power capacity by 2030. It has emerged as one of the world's most attractive renewable energy markets. India stands 4th globally in the renewable energy installed capacity, providing proactive policy support by boosting manufacturing through the PLI Scheme, allowing 100% Foreign Direct Investment under automatic route, ISTS charges waiver for renewable energy purchases, green energy corridor, VGF for offshore wind projects and financial assistance for hydrogen and electrolyser manufacturing projects. India has launched pathbreaking schemes like PM KUSUM & PM Surya Ghar: Muft Bijli Yojana to benefit farmers and households. India aims to accelerate renewable energy capacity additions in the next few years. RE-INVEST will contribute to these efforts and connect the global investment community with all Indian Renewable Energy stakeholders.

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