RE-INVEST 2024, the fourth edition of this flagship event by the Ministry of New and Renewable Energy [MNRE] was held between 16 th to 18 th September in Gandhi Nagar, Gujarat.

This year’s edition marked India attaining 200 GW of non-fossil fuel capacity, a long walk from its first edition in 2015. India, over the years, has come to attain a seat at the global high table in the renewable space speared by its pace of reforms that helped shore up renewable energy capacity, a story of Megawatts converting to Gigawatts.

The Unique Defining Feature of RE INVEST 2024

The feature that defined RE INVEST 2024 was the enthusiastic commitments by industry, states and financiers towards the goal of 500 GW by 2030. Titled as Shapath Patra, all stakeholders pledged their commitment and support towards this goal.

States pledged their commitment to add capacities of renewable energy plants, Gujarat leading with a commitment to add 128.60 GW by 2030, followed by Andhra Pradesh and Maharashtra with pledges of 72.60 GW and 62.73 GW, respectively.

On the industry front, renewable energy developers, both solar and wind, committed to adding 570 GW of installed capacity, while manufactures and suppliers made substantial pledges to enhance production, enhancing capacity across the value chain. Commitment of Rs 32.45 lakh crore worth of investment that is expected to generate an employment for 82 lakh persons These projects need substantial funding and financial institutions were not to be left behind. They have 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.

The high profile engagement platform brought together, stakeholders across the spectrum, from Government functionaries led by Hon’ble PM Modi, Hon’ble Vice President Mr Jagdeep Dhankar ably supported by Minister for New and Renewable Energy Mr Prahlad Joshi who steered the three day agenda. State participation, which is key to the electricity sector, was at its peak with chief ministers of six sates gracing the occasion and holding state-level engagements with industry and business. It is perhaps notable that the high level interest shown at this event is a clear reflection of the sector that has been the torch bearer of India’s growth story.

Key Highlights of RE-INVEST 2024

1. Total Number of Sessions:43

2. Delegates & Speakers:Over 50,000 delegates registered from across the country including more than 20,000 students and members of academia, with 250 international delegates in attendance. Additionally, there were 250 speakers.

3. Country participation:Denmark, Germany, Norway, and Australia were country partners. Delegates from UAE, Singapore and Bhutan also attended the sessions.

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). Some states like Madhya Pradesh took this opportunity to have pre-bid deliberations at the sidelines. 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 the deputy CM from Telangana graced the occasion.

6. 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.

7. Salient features of exhibition:
Key Details:
Cutting-edge sustainable engineering design, technology, and innovation showcasing at the 4 th 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 4 th 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

8. Total number of B2B, B2G, G2G:Around 363 companiesparticipated, representing both Indian and global businesses. 816 B2B(Business to Business) meetings and 110 B2G (Business to Government) meetings were held over the three days reflecting the heightened business interest in India’s renewable energy market.

9. 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.

10. 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