RE-INVEST 2019

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News:The Ministry of New & Renewable Energy (MNRE) has postponed the 3rd Global Renewable Energy Investors(RE-INVEST) meet.

Facts:

Re-Invest:

  • It is a global platform to explore strategies for the development and deployment of renewables.
  • It showcases India’s clean energy market and the Government’s efforts to scale up capacity to meet the national energy demand in socially, economically and ecologically sustainable ways
  • In 2015, the first edition of Re-Invest was organized in New Delhi.

Additional information:

  • The government allows 100% Foreign direct investment(FDI) under the automatic route for projects of renewable power generation and distribution provided they comply with the provisions of The Electricity Act,2003.
  • The Indian government has set a growth target of installation of 175 GW aggregate capacity of renewable energy by 2022.It includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power.