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RE-Invest 2020

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    27th Nov, 2020

The 3rd Global Renewable Energy Investment Meeting and Expo (RE-Invest 2020) was recently conducted.

Context

  • The 3rd Global Renewable Energy Investment Meeting and Expo (RE-Invest 2020) was recently conducted.

Key-highlights of the Summit

  • Organizer: The three-day summit has been organised by the Ministry of New and Renewable Energy.
  • Theme: The theme for RE-Invest 2020 is ‘Innovations for Sustainable Energy Transition’.
  • The central aim of RE-Invest is to attract large scale investments for the renewable energy sector in India.
  • The objective of RE-Invest is to become the first major platform for investment promotion. This will enable the global investment community to connect with renewable energy stakeholders in India.

Origin

  • The Summit was initiated in 2015, as a follow-up to the ‘Make in India’
  • The previous two editions of the summit were held in 2015 and 2018.

India’s renewable power capacity

  • India’s renewable power capacity is the 4th largest in the world.
  • The renewable energy capacity in India is currently 136 Giga Watts, which is about 36% of our total capacity.
  • FDI up to 100% under the automatic route is permitted in renewable energy sector.
  • For next 10 years, India has huge renewable energy deployment plans which will likely generate business opportunities of 20 billion dollars per year.

Verifying, please be patient.

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