PM Modi Launches Global Renewable Energy Meet 2024 in Gujarat

Prime Minister Narendra Modi inaugurated the highly anticipated 4th Global Renewable Energy Investor’s Meet (RE-INVEST) 2024 on Monday in Gandhinagar, Gujarat. This landmark event, hosted by the Ministry of New and Renewable Energy (MNRE), marks a pivotal step in India’s commitment to advancing renewable energy.

RE-INVEST 2024 Attracts Global Attention

The three-day event is expected to draw over 10,000 delegates from across the globe. These include prominent leaders from government, industry, finance, and other key sectors. Among those in attendance were Union Minister for New and Renewable Energy Pralhad Joshi, Gujarat Chief Minister Bhupendra Patel, Andhra Pradesh CM N Chandrababu Naidu, Rajasthan CM Bhajanlal Sharma, Madhya Pradesh CM Mohan Kumar Yadav, Chhattisgarh CM Vishnu Deo Sai, and Goa CM Pramod Sawant.

This international event is seen as a platform for countries, businesses, and governments to come together and discuss advancements, investment opportunities, and policies related to renewable energy.

Leadership in Renewable Energy

In his address, Union Minister Pralhad Joshi lauded PM Modi’s leadership, under which India has rapidly emerged as a global leader in renewable energy. He emphasized that India is not only the fifth-largest but also the world’s fastest-growing economy, and this economic growth has been accompanied by efforts to embrace clean energy solutions.

Minister Joshi highlighted PM Modi’s long-standing dedication to renewable energy, noting his contributions during his tenure as Gujarat's Chief Minister, where he spearheaded numerous green energy initiatives. This commitment has only grown since he became Prime Minister, making India a global champion of sustainable energy.

Gujarat's Commitment to Green Energy

Gujarat Chief Minister Bhupendra Patel echoed these sentiments, emphasizing Gujarat’s leadership in the renewable energy sector. Under PM Modi’s guidance, Gujarat has emerged as the leading state in the country’s renewable energy initiatives. He noted the state's proactive renewable energy and green hydrogen policies as key indicators of Gujarat’s dedication to a sustainable future.

"The installed capacity of renewable energy in Gujarat is over 50,000 megawatts, with renewable energy contributing 54% to the state’s energy capacity. Gujarat leads India in solar power installation,” said CM Bhupendra Patel.

He also mentioned Gujarat’s ambitious goal of producing 3 Million Tonnes Per Annum (MTPA) of green hydrogen, positioning the state at the forefront of India’s green hydrogen revolution. "Gujarat is becoming a prime destination for investments in the green energy sector," he added.

Mission 500 GW: The Theme of RE-INVEST 2024

The central theme of RE-INVEST 2024 is Mission 500 GW, which underscores India’s long-term goal of expanding its renewable energy capacity to 500 GW by 2030. As the world’s 4th largest country in installed renewable energy capacity, India is now working to further solidify its leadership position in the global energy transition.

International Participation and Key Partners

The global significance of the event is highlighted by the presence of key international partners like Australia, Denmark, Germany, and Norway. Indian states such as Andhra Pradesh, Gujarat, Madhya Pradesh, Telangana, Rajasthan, Karnataka, and Uttar Pradesh are also actively participating in the conference, showcasing their renewable energy initiatives.

Additionally, high-level delegations from countries like the US, UK, Belgium, European Union, Oman, UAE, Singapore, and Hong Kong are attending the event. Some of these delegations are led by ministers from Germany and Denmark, underscoring the importance of global cooperation in renewable energy development.

A Packed Agenda

The 44-session agenda includes important discussions and forums, such as a Chief Ministerial Plenary, a CEO Roundtable, and a wide range of discussions on renewable energy innovations. One notable session focuses on the role of women in accelerating energy transitions, while another highlights opportunities for start-ups, with ten winners of the Solar X Challenge set to present their innovations.

The event also provides ample networking opportunities, facilitated by a dedicated B2B digital platform for business-to-business (B2B), business-to-government (B2G), and government-to-government (G2G) interactions. The Confederation of Indian Industry (CII) is playing a key role as an industry partner, helping drive collaboration among various stakeholders.

Exhibition of Renewable Energy Innovations

On the sidelines of the event, the Prime Minister visited an exhibition held at the Mahatma Mandir in Gandhinagar, which showcased contributions from public and private sectors, state governments, and start-ups. The exhibition highlighted the innovations and contributions in solar power, wind energy, and other renewable energy sectors.

Conclusion

With the 4th Global Renewable Energy Investor’s Meet serving as a major platform, India’s renewable energy journey is set to accelerate. The event provides opportunities for domestic and international stakeholders to collaborate, invest, and contribute to a cleaner, greener world. PM Modi’s vision for renewable energy is not only transforming India but is also a beacon of hope for global energy transitions.