82 lakh jobs to be created under Shapath Patra commitments by states, companies: Shri Pralhad Joshi
RE-INVEST 2024 organised by MNRE in partnership with IREDA and CII concludes
New Delhi, September 19, 2024: Vice President of India, Shri Jagdeep Dhankar, today said that climate action was not something to do just with the Government, but every individual had a big role to play. He mentioned that energy must be consumed optimally according to requirement and in a sustainable manner. The vice-president was delivering the valedictory session of RE-INVEST on the concluding day of three-day REINVEST 2024.Stating that the positive impact of renewable energy has reached the rural areas, he said everyone should work tirelessly focusing on arresting the damage done to the environment, repairing it and restoring the lost glory.
He mentioned that India has taken the lead in climate action with wisdom of Vedas and Upanishads. He recalled that the motto of G20 Vasudhaiva Kutumbakam, meaning world is one family, was the Indian culture. India is now solving the challenges of the world though initiatives such as the International Solar Alliance.
He mentioned that newer technologies, like green hydrogen, can get immense job opportunities for the youth of the country. India’s sustainable development with 1.4 billion people and so much diversity is a model for the entire world. He was hopeful that the three days of discussions and deliberations can go a long way in accelerating our efforts. He urged all the stakeholders to work in mission mode to contribute to a sustainable planet.
Besides, the honourable vice-president, Governors of Gujarat and Punjab, Union ministers of Consumers Affairs, Food and Public Distribution and Environment, Forest and Climate Change, and Chief Minister of Gujarat were also present during the valedictory function.
The Ministry of New and Renewable Energy (MNRE), Government of India, in partnership with the Confederation of Indian Industry and IREDA, organised the 4th Global Renewable Energy Investment Meet & Expo (RE-INVEST) from 16-18 September 2024 at Mahatma Mandir, Gandhinagar, Gujarat on the theme; Invest, Innovate and Inspire. Hon’ble Prime Minister of India, Shri Narendra Modi, inaugurated the investment meet and exposition on 16th September.
Shri Pralhad Joshi, Hon’ble Union Minister of New & Renewable Energy and Consumers Affairs, Food and Public Distribution said, “India’s climate action under the leadership of Prime Minister Shri Narendra Modi has inspired the world. Prime Minister’s vision has taken India to the forefront of global transition to sustainable energy.” He said that the steps undertaken in the 100 days of the new government such as the viability gap funding for offshore wind, reaching the milestone of 3.5 lakh beneficiaries under the PM-Surya Ghar: Muft Bijli Yojana have been significant.
He highlighted some of the key outcomes of the RE-INVEST. Firstly, States/ UTs, RE manufacturers, and developers. States/ UTs have committed to 540 GW of RE by 2030. RE manufacturers have committed to 340 GW of solar module capacity, 240 GW of solar cell capacity, 22 GW of wind capacity and 10 GW of electrolyser capacity. Financial institutions have committed to 386 billion USD for India’s 2030 commitment. All these commitments are expected to result in employment generation for 82 lakh people.
Around 363 companies participated in the three-day event, representing both Indian and global businesses. Around 816 B2B (Business to Business) meetings and 110 B2G (Business to Government) meetings were held.
While congratulating Gujarat’s humungous achievements in renewable energy, Shri Joshi also thanked the Government of Gujarat for successfully hosting the RE-INVEST. He said that support and participation of all the stakeholders would be required for fulfilling Prime Minister Modi’s vision of Viksit Bharat.
Mr Bhupendrabhai Patel, Hon’ble Chief Minister of Gujarat, mentioned that Gujarat has become the growth engine for renewable energy in the country. He said that Prime Minister Shri Narendra’s tremendous efforts in Gujarat during his chief-Ministership have paved the way for India’s renewable energy. Some of them include making Gujarat an energy surplus state, building the first solar park in Gujarat and hydro power projects.
Mr Acharya Devvrat, Hon’ble Governor of Gujarat, said that over-exploitation of nature has resulted in adverse effects such as the global warming. Recalling the ancient Indian way of living which embraces the nature, he called for sustainable growth without misuse of resources. He mentioned that India’s culture is rooted in respecting sun and the five basic elements such as fire, air, water, earth and aether. He mentioned that energy is life, and renewable energy including solar, wind and hydro are the future of the humanity.
Key Highlights attended RE-INVEST 2024 held from 16-18 September 2024:
1. Total Number of Sessions: 43
2. Delegates & Speakers: Over 25,000 delegates, with 250 international delegates in attendance. There were 250 speakers.
3. Country participation: Denmark, Germany, Norway, and Australia were country partners. There were delegates from countries like UAE, Singapore, Bhutan
4. States: There were eight partner states: Gujarat, Andhra Pradesh, Rajasthan, Karnataka, Maharashtra, Telangana, Uttar Pradesh, and Madhya Pradesh and six state sessions (Gujarat, Andhra Pradesh, Rajasthan, Maharashtra, Uttar Pradesh, and Madhya Pradesh).
There were delegations from 22 states / UT (other than partner states) like Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Haryana, Himachal Pradesh, Kerala, Meghalaya, Nagaland, Odisha, Punjab, Tamil Nadu, Tripura, Uttarakhand, West Bengal, Chandigarh (UT), Dadra & Nagar Haveli and Daman & Diu (UT), Delhi [National Capital Territory (NCT)], Jammu & Kashmir (UT), Ladakh (UT), Puducherry (UT)
5. State CMs: Six Chief Ministers from Gujarat, Andhra Pradesh, Rajasthan, Madhya Pradesh, Chhattisgarh, and Goa, and one deputy CM from Telangana
6. Number of MoUs signed:
India-Germany Platform for Investments in Renewable Energies Worldwide: The aim is to develop concrete and sustainable solutions for the accelerated expansion of renewable energy. The platform will bring together international stakeholders from across the globe, including the private sector (both financial sector and industry), international organizations, development banks and bilateral partners, to create business opportunities, for meeting the increasing demand for capital, technology transfer and innovative technical solutions.
6. Salient features of exhibition:
Key Details:
Cutting-edge sustainable engineering design, technology, and innovation showcasing at the 4th edition of GLOBAL RE-INVEST exhibition 2024
- Renewable Power Production
- Green Fuels & Energy Storage
- GHG Emissions Reduction & Net Zero Consulting
- Cost-Effective Operational Strategies
- Solar Generation Enhancement & Asset Optimization
- Energy-from-Waste Technologies
- Rooftop Solar & Autonomous Robotic Systems
- Solar IPP/EPC Services
- FLEXI BIOGAS to BIO-CNG Plants
- EPC Solutions for Energy Efficiency
- Green Building Certification
Leading Renewable Energy Developer, Manufacturer, and Supplier displayed innovative products and technology at 4th RE-INVEST Exhibition
- Eco-efficient PV Modules, Solar Modules, and Solar Photovoltaic Modules
- Made-in-India Wind Turbines (Small & Large WTG)
- Advanced Electrolyzers & Battery Energy Storage Systems
- EV Scooters & Smart Solar Huts
- Membrane-less Electrolyzers & Heavy Engineering Products
- Biomass & MSW-based Gasifiers, Rotary Kilns, Classifiers, and More
- Solar-Powered Innovations: Food Trucks, Modular Kiosks, Battery Operated Cooking Plates
- DC Air Heaters, Refrigeration Systems, Compressors, and Freezers
- Green Energy Products: Solar Pumps, Solar Trees, Solar Tiles, and Solar Facades
- Solar Rooftop, Ground Mounted, and Street Lighting Solutions
- Solar EV Charging, Hybrid Collectors, Trackers, and Material Handling Equipment
7. Total number of B2B, B2G, G2G: Around 363 companies participated, representing both Indian and global businesses. 816 B2B (Business to Business) meetings and 110 B2G (Business to Government) meetings held
8. Social media activities:
Estimated reach – 377.5 million
• 8+ million reach
• 67.4k engagement
• 500+ posts
• #Reinvest2024 and related hashtags trended for 4th position for all 3 days on X platform
• Key mentions by – Shri Narendra Modi, Prahlad Joshi, Bhupender Patel, N Chandrababu Naidu, Dr Mohan Yadav, Bajanlal Sharma, Shripad Y Naik, G Kishan Reddy, Himanta Biswas Sarma, Mint, CNBC TV 18, Hindustan Times, DD News, MIB, ANI, ABP, All India Radio, & more.
9 Overall outcome of three days:
- The event attempted to set the roadmap for further renewable energy development in the country
- Highlighted India’s multifaceted approach to renewable energy, focusing on solar, wind, pumped storage, green hydrogen, and decentralized renewable energy.
- Emphasized the goal of transitioning to a low-carbon economy
- Identified the role of policy support in promoting renewable initiatives
- Recognized advancements that enhance renewable energy efficiency and integration
- Showcased avenues for investment in the renewable sector
- Aimed at reducing dependence on fossil fuels
- Positioned India to contribute to international climate goals
10. Major takeaways:
- States made pledges for working toward renewable energy with Gujarat leading with a commitment to add 128.60 GW by 2030. Andhra Pradesh and Maharashtra followed with pledges of 72.60 GW and 62.73 GW, respectively.
- Renewable Energy Developers, both solar and wind, committed to adding 570 GW of installed capacity, and manufactures and suppliers have also made substantial pledges to enhance production.
- Commitment of Rs 32.45 lakh crore worth of investment that is expected to generate an employment for 82 lakh persons
- These projects will also need substantial funding so financial institutions have also come forward and demonstrated strong support by committing Rs 25 lakh crore. Major banks and financial institutions such as REC, IREDA Limited, and the State Bank of India are leading this effort.
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