RE-INVEST 2019: MNRE organises curtain raiser ceremony

Union Ministry of New & Renewable Energy organised Curtain Raiser ceremony for 3rd Edition of Global Renewable Energy Investors’ Meet and Expo (RE-INVEST 2019). RE-INVEST 2019 is scheduled to be held in 30th October to 2nd November 2019 in India. It is coinciding with Second Assembly of International Solar Alliance (ISA).

RE-INVEST 2019

Its objective is to attract the right investments in renewable energy (RE) and present India’s RE story to the world. It aims at building upon success of RE-INVEST 2015 to accelerate worldwide effort to scale up renewable energy and connect global investment community with Indian energy stakeholders.

2nd Global RE-INVEST: It was held in October, 2018. It had seen 45 in-depth sessions featuring 220 speakers and also saw animated exchanges on various topics which brainstormed on expanding India’s RE market in the face of aggressive global competition.

Background

India is among countries with largest production of energy from renewable sources. As of June 2019, India has installed renewable energy capacity of 80.47 GW, of which solar comprises 29.55 GW and wind comprises 36.37 GW. Biomass and small hydro power constitute 9.81 GW and 4.6 GW respectively. Thus, India offers one of largest investment opportunities in the renewable space. To tap this investment potential, Union Government has allowed 100% FDI under automatic route for projects of renewable power generation and distribution.

Month: Current Affairs - August, 2019