The 4th Global Renewable Energy Investors Meet & Expo (RE-Invest 2024) will take place from September 16-18, 2024, in Gandhinagar, Gujarat, organized by the Ministry of New and Renewable Energy (MNRE).
This event highlights India’s achievements in renewable energy and its goal of reaching 500 GW of non-fossil energy capacity by 2030. Prime Minister Narendra Modi will inaugurate the event, and Vice President Shri Jagdeep Dhankar will chair the valedictory session.
Union Minister Pralhad Joshi announced that the expo will feature “Shapath Patras,” or pledges from banks, financial institutions, and state governments committing their investment and renewable energy targets.
Joshi informed that Australia, Denmark, Germany, and Norway are the Partner Countries and the partner states will be Andhra Pradesh, Gujarat, Madhya Pradesh, Telangana, Rajasthan, Karnataka & Uttar Pradesh.
The union minister further said many state governments, as well as major banks and financial institutes, will submit their Shapath Patras about their proposed loans and specific renewable energy targets. Developers, manufacturers, private equity investors, and top vendors are also supposed to submit their Shapath patras.
Global participants, including delegations from Australia, Denmark, Germany, Norway, Singapore, Hongkong, the USA, the UK, Belgium, the European Union, Oman, and the UAE will attend, with an expected participation of over 10,000 delegates.
The two-and-a-half-day event will focus on financing innovations, green hydrogen, future energy choices, and capacity building, with 44 sessions planned, including a Chief Ministerial Plenary and a CEO Roundtable.
It will also include a special session on women leaders in energy transition and startups. One of the highlights will be the Solar X Challenge, where 10 winning startups will pitch for investments.
RE-Invest 2024 will provide a platform for a large number of B2B, B2G, and G2G meetings, and access to a digital B2B interaction platform. The event is expected to boost investments in the renewable energy sector, showcasing exhibits from public and private entities, state governments, and startups.
India has risen as one of the top global markets for renewable energy, ranking 4th globally in installed capacity. The event enhanced India’s proactive policies, such as the PLI Scheme and 100% Foreign Direct Investment in renewable energy, ISTS charges waiver for renewable energy purchases, green energy corridor, VGF for offshore wind projects, and financial assistance for hydrogen and electrolyzer manufacturing projects.
The Modi government has also launched schemes like PM KUSUM and PM Surya Ghar to benefit farmers and households by providing them access to renewable energy. The RE-Invest 2024 expo is expected to attract significant investments and establish India’s progress toward sustainable energy for the future.
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