A curtain raiser ceremony was organised for the 3rd Edition of Renewable Energy Investors’ Meet and Expo (RE-INVEST 2019) by Ministry of New & Renewable Energy. The event will be held from 30th October to 2nd November 2019 in India.
KRC TIMES Desk
The Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship R.K Singh while doing the keynote address at the Curtain Raiser said that, India holds enormous potential in renewable energy, and it is an exciting place to invest in Renewable Energy.
We have witnessed the emergence of an international consensus for renewable energy and RE-INVEST provides the perfect platform to take it forward.
In 2015, India had set a target of 175 GW renewable energy capacity by 2022, out of which 80 GW had already been installed and the target is set to exceed, was said by Anand Kumar, Secretary, MNRE, in his opening remark.
In his address, DG, ISA, Upendra Tripathy emphasised the need to align fiscal, financial & industrial policies to cumulatively charge up the global energy ecosystem and bring energy access to more than one billion people who are without power in the world.
India is one of the countries which have the largest production of energy from renewable sources. India has an installed renewable energy capacity of 80.47 GW, of which solar and wind comprises 29.55 GW and 36.37 GW respectively as on June 30, 2019.
A large investment opportunity is being offered by India in the renewable space.
The Government of India allows 100 percent FDI under the automatic route for projects of renewable power generation and distribution.
From 2-5 October 2018, the 2nd Global RE-INVEST was held which aimed at accelerating the worldwide effort to scale up renewable energy and connect the global investment community with Indian energy stakeholders. 45 in-depth sessions featuring 220 speakers over the 3 days of the conference saw animated exchanges on various topics that brainstormed on expanding India’s RE market in the face of aggressive global competition.
This year the event will be held from 30th October to 2nd November 2019 in India. However, this event coincided with the Second Assembly of International Solar Alliance (ISA).
The main objective of the event is to attract the most appropriate investments in renewable energy (RE) and present India’s RE story to the world.
