Union Energy Minister Prahlad Joshi emphasized the need for a substantial investment of Rs 30 lakh crore to achieve India’s target of 500 GW of renewable energy by 2030. During a recent announcement, Joshi revealed that Prime Minister Narendra Modi will inaugurate the fourth Re-Invest 2024 for renewable energy, scheduled to take place in Gujarat. The Global Renewable Energy Investors Meet and Expo (Re-Invest) 2024 is set to be held from September 16 to 18 at the Mahatma Mandir Convention and Exhibition Centre in Gandhinagar.
Joshi highlighted the significance of hosting the summit in Gujarat, citing the state’s track record of success with events like Vibrant Gujarat. He emphasized that Gujarat’s infrastructure and commitment to renewable energy make it the ideal location for the conference, especially as India currently operates at a capacity of 203 GW.
The upcoming Re-Invest summit will feature a diverse program with approximately 40 sessions, including a Chief Minister-level Plenary meeting, a CEO roundtable, technical sessions, and a dedicated session on startups. This event aims to bring together key stakeholders from the government, industry, investors, researchers, and policymakers to drive progress in the renewable energy sector.
In addition to outlining the summit’s agenda, Joshi recalled the previous Re-Invest conferences, noting that while three were held before, this will be the first time the event is hosted in Gujarat. He also underscored the importance of innovation and collaboration in achieving India’s renewable energy goals, stating that the country’s investment requirements are substantial but necessary for a sustainable future.
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