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New Delhi: India’s fourth global Renewable Energy Investors Meet & Expo (RE-INVEST 2024), scheduled to take place from September 16 to 18 at Mahatma Mandir, Gandhinagar, Gujarat will see state governments unveiling firm commitments for Renewable Energy (RE) expansion through shapath-patra (pledge documents), said Minister for New and Renewable Energy Pralhad Joshi. “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,” Joshi was quoted as saying in a statement issued by his ministry. The minister interacted with the media in Gandhinagar on Monday and briefed them about RE-Invest 2024.
The Union Minister said that Prime Minister Narendra Modi will inaugurate the investment meet and exposition on September 16. He also informed that the valedictory session of the conference will be chaired by the 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 recognises the importance of building a green sustainable future for the next generation, and at the core of this lies the Prime Minister’s vision of Panchamrit and installing 500 GW of non-fossil power by 2030,” said the statement.
Joshi informed the media that Australia, Denmark, Germany and Norway are the partner countries for the 4th RE-INVEST. In addition, Andhra Pradesh, Gujarat, Madhya Pradesh, Telangana, Rajasthan, Karnataka and Uttar Pradesh are the partner states for the event.
“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. The German and Danish delegations will be led by their ministers,” the minister was quoted as saying.
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. Joshi said that the conference is expected to see participation of over 10,000 delegates. It will comprise 44 sessions, including a Chief Ministerial Plenary, a CEO Roundtable and several State, country, and technical sessions.
Apart from this, a special session will take place 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.
The event will also feature an exhibition by the Ministry of New and Renewable Energy, various state governments, including the host state, Gujarat’s, public and private sector companies, startups etc. “RE-INVEST 2024 will help increase investment in India’s RE sector with the opportunity for 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/. There will be huge industry participation both from India and abroad. The Confederation of Indian Industry (CII) is the industry partner for RE-INVEST 2024,” said the statement.
The first edition of RE-Invest was organised 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.
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