PM Modi to inaugurate RE-INVEST 2020
POWER & RENEWABLE ENERGY

PM Modi to inaugurate RE-INVEST 2020

Prime Minister Narendra Modi will inaugurate the virtual third Global Renewable Energy Investment Meeting and Expo (RE-INVEST 2020), on 26 November. United Kingdom’s Secretary of State for Business, Energy and Industrial Strategy, and President COP-26, and Denmark’s Minister of Energy, Utilities and Climate will address the gathering for the inaugural session.

A two-day virtual conference will be held on future energy choices and renewables. Global industry leaders and Ministerial Delegations are expected to be present at the event, which will comprise of six focused country sessions, 20 plenary and technical sessions, a special Chief Ministerial plenary session. According to RK Singh, Minister for New and Renewable Energy, the third edition of RE-INVEST follows the success of the first two editions in 2015 and 2018.

India’s renewable energy capacity has increased manifold over the last six years. The country has invested over Rs 4.7 trillion, making India more attractive for investment in renewables. The share of non-fossil fuel energy sources is expected to increase to over 220 GW by 2022. The country plans to invest Rs 1 trillion per year for renewables for 2030.

The government recently announced production-linked incentive (PLI) to encourage the domestic manufacturing of solar PV cells and modules. Within the next four years, the PM-KUSUM scheme aspires to solarise 1.5 million grid connected pumps, replace 2 million diesel pumps with stand-alone solar pumps, and 10 GW decentralised solar power plants in uncultivable lands of farmers.

Prime Minister Narendra Modi will inaugurate the virtual third Global Renewable Energy Investment Meeting and Expo (RE-INVEST 2020), on 26 November. United Kingdom’s Secretary of State for Business, Energy and Industrial Strategy, and President COP-26, and Denmark’s Minister of Energy, Utilities and Climate will address the gathering for the inaugural session. A two-day virtual conference will be held on future energy choices and renewables. Global industry leaders and Ministerial Delegations are expected to be present at the event, which will comprise of six focused country sessions, 20 plenary and technical sessions, a special Chief Ministerial plenary session. According to RK Singh, Minister for New and Renewable Energy, the third edition of RE-INVEST follows the success of the first two editions in 2015 and 2018. India’s renewable energy capacity has increased manifold over the last six years. The country has invested over Rs 4.7 trillion, making India more attractive for investment in renewables. The share of non-fossil fuel energy sources is expected to increase to over 220 GW by 2022. The country plans to invest Rs 1 trillion per year for renewables for 2030. The government recently announced production-linked incentive (PLI) to encourage the domestic manufacturing of solar PV cells and modules. Within the next four years, the PM-KUSUM scheme aspires to solarise 1.5 million grid connected pumps, replace 2 million diesel pumps with stand-alone solar pumps, and 10 GW decentralised solar power plants in uncultivable lands of farmers.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?