Why in the News?

On September 16, 2024, Prime Minister Narendra Modi inaugurated RE-INVEST in Ahmedabad, Gujarat. This event emphasizes India's commitment to accelerating the clean energy sector and achieving its climate goals. To reach the target of 500 GW of non-fossil fuel energy capacity by 2030, an investment of ₹30 lakh crore will be required

About RE-INVEST

• It is a Government of India’s flagship event to showcase India’s renewable energy potential to the world & to invite investment in the sector by initiating multilateral dialogue.
• It is a global renewable energy investors meet and expo organized by the Ministry of New and Renewable Energy (MNRE), Government of India.
• It is a platform for bringing together global investors, developers, manufacturers, and innovators in the renewable energy sector.
• This event is aimed at to accelerate the development and deployment of renewable energy in India, and to connect the Indian energy stakeholders with the global investment community.
• The first RE-INVEST India was held in 2015, and the second was held in 2018 and the third RE-INVEST India was held in 2020.
• The RE-INVEST India events have been successful in attracting a large number of participants from India and abroad.
• Through its exhibitions, forums, and discussions, RE-INVEST plays a key role in shaping India’s renewable energy landscape and promoting the country’s efforts to expand its renewable energy capacity.Union Minister for New and Renewable Energy: Shri Pralhad Joshi