New Delhi, September 10, 2024: The Ministry of New and Renewable Energy (MNRE) will organize the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024) from September 16 to 18 in Gandhinagar, Gujarat. Union Minister for New and Renewable Energy, Pralhad Joshi, announced in a statement released yesterday that Prime Minister Narendra Modi will inaugurate the event, which will bring together stakeholders from across the renewable energy ecosystem to discuss investment opportunities and future energy goals.
RE-INVEST summit, which has grown in importance since its inception in 2015, is set to attract over 10,000 delegates, including representatives from governments, industries, and financial institutions. Partner countries for the event include Australia, Denmark, Germany, and Norway, with high-level delegations led by ministers from Germany and Denmark. Indian partner states such as Andhra Pradesh, Gujarat, Madhya Pradesh, and Rajasthan will present their renewable energy targets and commitments.
Key Focus on Investment and Innovation
A primary aim of RE-INVEST 2024 is to draw attention to India’s advancements in renewable energy, particularly its goal of installing 500 GW of non-fossil power capacity by 2030. The event will highlight the government’s proactive policy measures, including the Production-Linked Incentive (PLI) Scheme, the waiver of ISTS charges for renewable purchases, and financial support for hydrogen and offshore wind projects.
Additionally, the summit will feature over 44 sessions, including a Chief Ministerial Plenary, a CEO Roundtable, and discussions on green hydrogen, innovative financing, and future energy trends. Notably, the event will facilitate interactions between businesses and governments through a dedicated B2B platform, fostering greater investment in the sector.
International and Industry Participation
Delegations from countries such as the USA, UK, Belgium, Singapore, and UAE are expected to attend, further cementing India’s position as a key player in the global renewable energy market. Industry representatives from both the public and private sectors will participate in exhibitions showcasing innovative technologies, while startups and Solar X Challenge winners will pitch for investments.
Joshi emphasized that RE-INVEST 2024 will provide a platform for state governments, financial institutions, and developers to present their commitments through “Shapath Patra” documents. This collaborative effort aims to accelerate the growth of renewable energy infrastructure and expand green energy capacity across the country.
India’s Renewable Energy Journey and Future Goals
India has emerged as a global leader in renewable energy, ranking fourth in installed renewable capacity worldwide. Government initiatives like the PM KUSUM scheme and PM Surya Ghar Yojana have supported this growth, benefiting farmers and households with renewable energy access. RE-INVEST 2024 aims to build on these achievements by attracting international investment and fostering collaboration between Indian and global stakeholders.
India’s push for renewable energy is also supported by 100% Foreign Direct Investment (FDI) under the automatic route and a growing green energy corridor. The event is expected to contribute significantly to India’s renewable energy targets, positioning the country as a hub for sustainable development.
