Press Release
Embassy of India
Doha
PRESS RELEASE
2nd Renewable Energy Global Investors Meet & Expo (RE – INVEST, 2016) Scheduled during February 18-20, 2016 in New Delhi, India
As a follow-up to the ‘Make in India’ initiative, Ministry of New and Renewable Energy (MNRE), Government of India has announced organization of the Second Renewable Energy Global Investors Meet & Expo (RE – INVEST, 2016) scheduled to be held in New Delhi (India) from 18 to 20 February, 2016. The event is proposed to be inaugurated by the Prime Minister Shri. Narendra Modi.
2. RE-INVEST is being organised in partnership with Indian Renewable Energy Development Agency (IREDA) and Solar Energy Corporation of India (SECI). In addition, India’s leading industrial and sector specific Associations and Organizations are closely associated with the event.
3. The central theme of the meet is to attract large scale investments in the renewable energy sector in India. It is the first major platform for investment promotion in the renewable energy sector at Government of India level to signal New Delhi’s commitment to the development and up scaling of renewable energy for meeting its energy requirement in a sustainable manner. RE-INVEST will enable the global investment community to connect with renewable energy stakeholders in India.
4. The event is expected be attended by investors, both domestic and international. Besides, representatives from India, renewable power developers and manufacturers, state renewable energy nodal agencies and other related stakeholders will also play an important role. The first edition of RE-INVEST witnessed nearly 3,000 delegates which included 119 exhibitors from 41 countries.
5. India has set a target of installing 175 GW of renewable capacity by 2022. To achieve this target there would be requirement of a capital outlay of US$ 120 billion and equity of US$ 40 billion. The scaled up installation targets and the intent of creating conducive manufacturing environment under the ‘Make in India’ initiative has opened up immense opportunities for investment in Renewable Energy in India.
6. Major initiatives by the Government including accelerated depreciation, generation based incentive, feed-in-tariff, viability gap funding is expected to add massive investments in the renewable energy sector. FDI up to 100% under the automatic route is permitted in Renewable Energy Sector.
7. RE-INVEST will be the culmination of a conference and exhibition of manufacturers, project developers, investors and other players in the renewable energy space to showcase manufacturing capabilities, latest technologies, financing options and investment opportunities. International companies in the renewable energy space from different countries will also have the opportunity to exhibit and showcase at the Expo to a wide audience.
8. More information on the Renewable Energy sector in India and RE-Invest if available on the MNRE website www.mnre.gov.in and on www.re-invest.in
