Power Minister chairs Curtain Raiser Ceremony for Global Renewable Energy Investors Meet

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New Delhi:  Union Minister of State (IC) for Power and New and Renewable Energy (NRE),  R.K. Singhchaired a Curtain Raiser ceremony, held to inform that the 2nd edition of the Global Renewable Energy (RE) Investors Meet and Expo (RE-INVEST 2017) will be held from 7thto 9thDecember, 2017atthe India Expo Centre, Greater Noida and National Capital Region of Delhi. A new websitefor RE-INVEST 2017 (re-invest.in) was also launched on this occasion, in presence of French Ambassadorto India,H.E.Mr. Alexandre Ziegler. France will be the partner country for the event. During the event, Minister for Infrastructure and Sustainable Development, Republic of Kiribati, H.E.Mr. RuatekiTekaiarasigned the Framework Agreement of International Solar Alliance (ISA) during the event.Kiribati becomes the 41st country to sign the agreement. 

Addressing the gathering,  Singhnoted that India’s energy needs are going to double in the next 6-7 years at the present rate of growth of the economy. Nevertheless, India would continue to grow at a brisk pace and at the same time, decrease its carbon footprint so as to maintain its commitment towards giving the future generations a cleaner environment to live in. By 2030, 40% of India’s energy needs would be met by Renewable Energy, the Minister added. 

Speaking during the event,  Anand Kumar, Secretary, MNRE, informed that RE-INVEST 2017is likely to be inauguratedby the Prime Minister of India,  Narendra Modi.It has been envisioned as a global event where strategies for development and deployment of renewable energy will be deliberated upon.Heads of various Ministries of India and Heads of International Agencies like International Energy Agency, International Renewable Energy Agency and bilateral and multilateral financing institutions will be participating in these sessions. The event will also include Government to Government, Government to Business and Business to Business interactions. 

Further,  Kumar said that activities in the RE-INVEST 2017would includea series of seminars on different themes of renewables along with conferences and exhibition of manufacturers, project developers, investors and others in the renewable energy space to showcase manufacturing capabilities, latest technologies, financing options and investment opportunities. The new areas of interest for foreign investors would be electric mobility, electricity storage solutions and green corridors,  Kumar added. 

The final day will start with ISA’s Ministerial Plenary followed by roadmap to achieve ISA’s Vision and Mission and a session on ISA Financing.Thereafter, country sessions with Australia, United Kingdom, France, USA and Germany have been planned. A Corporate Conclave has also been planned on the final day. This conclave will be attended by CEOs of Fortune 500 companies. 

On the sidelines of the RE- INVEST 2017,the Founding Ceremony of theISA and Solar Summit has been scheduled on 8th& 9thDecember, 2017. Prime Minister of India, H.E President of France, and the Secretary General of United Nations are likely to grace the ISA Founding Ceremony. The Founding Ceremony will firmly establish the ISA and demonstrate our joint commitment to harness solar energy potential. All prospective member countries of the ISA have been invited to participate in these events. 

Talking about the lead that India and France have taken to establish ISA and showing the World the path towards a Cleaner tomorrow, H.E. Mr. Alexandre Ziegler said that ISA is an inter-governmental body of 121 solar resource rich countries lying fully or partially between the tropics, was launched on 30thNovember, 2015 at Paris, France on the sidelines of the Paris Climate Conference. It has been conceived as an action-oriented organization and it brings together countries with rich solar potential to aggregate demand for solar energy globally, thereby reducing prices, facilitating the deployment of existing solar technologies at scale, and promoting collaborative solar R&D and capacity. Mr. Zeigler added that France is committed to support India in this endeavor and French companies are eager to invest in the Indian RE sector. 

Dignitaries present during the event included senior Diplomats/ Heads of Missions from various countries, industry stalwarts and senior officers from MNRE. 

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