Gandhinagar: The Prime Minister, Narendra Modi, inaugurated the 4th Global Renewable Energy Investor’s Meet and Expo (RE-INVEST) at Mahatma Mandir, Gandhinagar in Gujarat on September 16, 2024. The 3-day summit honours the important contributors to India's remarkable achievement of over 200 GW of installed non-fossil fuel capacity. Modi also took a walkthrough of the exhibition showcasing cutting-edge innovations from public and private sector companies, start-ups, and major industry players.

The Prime Minister said that India's diversity, scale, capacity, potential, and performance are all unique and pave the way for Indian solutions for global applications. “Not just India, the whole world believes that India is the best bet of the 21st century,” exclaimed the Prime Minister. Recounting the global events hosted by India in the last month, Modi said that Global Fintech Fest was organised earlier this month, people from across the globe participated in the First International Solar Festival, the Global Semiconductor Summit, and India also hosted the 2nd Asia-Pacific Civil Aviation Ministerial Conference. Today, India is hosting a conference on Green Energy.

The Prime Minister said India is the first G20 nation to achieve the climate commitments set in Paris, and that too nine years before the deadline. Modi outlined the nation’s goals to achieve the target of 500 GW of renewable energy by 2030, and said that the government has turned the green transition into a people’s movement. He suggested studying India’s unique scheme for Rooftop Solar – the PM Surya Ghar Free Electricity Scheme – where the government funds a Rooftop Solar Setup for every family and helps with installation. Through this scheme, the Prime Minister said, every household in India becomes a power producer. He informed that more than 1 crore 30 lakh families have registered under the scheme and installation work has been completed in 3.25 lakh houses so far. Modi further added that the PM Surya Ghar scheme is becoming a medium of employment generation and environmental protection, generating around 20 lakh jobs. Modi informed that the government aims to prepare 3 lakh youth as skilled manpower under this scheme, and out of these, one lakh youth will be Solar PV Technicians. “Every 3 kilowatts of solar electricity generated will prevent the emission of 50-60 tonnes of carbon dioxide,” he said, noting the contributions of every family in fighting climate change.

Addressing the gathering, Union Minister for New and Renewable Energy, Prahlad Joshi, made the inaugural address and emphasised how under Narendra Modi’s leadership, India is claiming a leading position in the global renewable energy sector. He also appealed to all stakeholders to invest in India’s vibrant and rapidly growing renewable energy sector. He reiterated India’s commitment to harnessing the immense potential of renewables.

Joshi expressed deep gratitude to participating States in the RE-INVEST Meet, highlighting how they not only represent the collective vision of India for a greener future but also play a key role in attracting and nurturing investments in the renewable sector. He also felicitated states and industries for their remarkable contribution in surpassing 200 GW of installed non-fossil power capacity in the country. He urged other states to learn from the success stories in the renewable sector and adopt them as suited to their own requirements.

Governor of Gujarat, Acharya Devvrat, Chief Minister of Gujarat, Bhupendra Patel, and the chief ministers of Andhra Pradesh, Rajasthan, Madhya Pradesh, Chhattisgarh, and Goa were present at the event among others.

Background

The 4th Global Renewable Energy Investor’s Meet and Expo (RE-INVEST) is poised to highlight India's impressive progress in renewable energy manufacturing and deployment. It will feature a two-and-a-half-day conference attracting delegates from around the world. Attendees will engage in a comprehensive programme, including the Chief Ministerial Plenary, CEO Roundtable, and specialised discussions on innovative financing, green hydrogen, and future energy solutions. Germany, Australia, Denmark, and Norway are participating in the event as partner countries. Gujarat is the host state, and Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, and Uttar Pradesh are participating as partner states.

There will also be an exhibition showcasing cutting-edge innovations from public and private sector companies, start-ups, and major industry players. This exhibition will underscore India's commitment to a sustainable future. /BI