4th RE-INVEST aims for ₹30 lakh crore investment in 2.5 days

The fourth edition of RE-INVEST (Global Renewable Energy Investors Meet and Expo) 2024 will be held in Gandhinagar Sep 16–18. To be inaugurated by Prime Minister Narendra Modi, the 2.5-day event hopes to attract ₹30 lakh crore in investments over 40 sessions.

Union Minister for New and Renewable Energy, Prahlad Joshi met senior officials from the Ministry as well as the state government to finalize arrangements for the meet at Mahatma Mandir on Monday, Sep 9.

Addressing the press thereafter, Joshi said the nation has achieved 60% of its renewable-energy target of producing 500 GW by 2040. It currently generates 300 GW, and plans are already in place for the remaining 200 GW. He said investment commitments will be sought from government banks and foreign delegates for innovative financing for renewable energy projects.

Bhupinder Singh Bhalla, Secretary, Ministry of New and Renewable Energy, SJ Haider, Additional Chief Secretary, Gujarat Energy Department, and Jaiprakash Shivhare, MD, Gujarat Urja Vikas Nigam Ltd, were present during the review. The minister inspected the venue and exhibition hall ahead of next week’s event, which is being held along the lines of the Vibrant Gujarat Global Summit.