The Ministry of New and Renewable Energy, Government of India organizes every year Renewable Energy Global Investors Meet & Expo (RE-Invest) in New Delhi. The central theme of RE-Invest is to attract large scale investments for the renewable energy sector in India
RE-Invest will be the first major platform for investment promotion in this sector at Government of India level to signal India’s commitment to the development and scaling up of renewable energy to meet its energy requirement in a sustainable manner. This will enable the global investment community to connect with renewable energy stakeholders in India. The event will be attended by investors and delegates, both domestic and international. Besides, representatives from State Government, Public Sector Enterprises, renewable power developers and manufacturers, state renewable energy nodal agencies, and other related stakeholders will play important roles.
Indian Renewable Energy Market
Renewable energy contributes about 6.5% in the electricity mix of the country. It is proposed that this would be taken to about 12% in the next three years. Major initiatives by the Government, including accelerated depreciation, generation based incentive, feed-in-tariff and viability gap funding, are expected to add massive investments in renewable energy sector. FDI up to 100% under the automatic route is permitted in renewable energy sector.
Conference And Exhibition
RE-Invest will be the culmination of a conference and exhibition of manufacturers, project developers, investors and other players in the renewable energy space to showcase manufacturing capabilities, latest technologies, financing options and investment opportunities. International companies from this sector will also have the opportunity to exhibit and showcase their services at the expo to a wide-ranging Indian audience.
It showcased the Union Government’s commitment in the development and scaling up of renewable energy in a socially, economically and ecologically sustainable manner to meet the national energy requirement.
It provided a single platform to attract large scale investments for solar and wind power generation in India.
On the occasion, 14 banks and financial institutions, 8 PSUs and private manufacturers, 15 private sector companies gave their Green Energy Commitments to the Ministers.
Green Energy Commitments worth 266000 MW were received during the conference. 2800 delegates from 42 countries participated in the event.
200 global investors providing financing and investment solutions also participated. 9 states showcased their policy initiatives in the renewable energy sector.