Enhancing Investments and Innovations within the Real Estate Sector in the Year 2024
India's renewable energy sector took centre stage at the 4th Global Renewable Energy Investment Meet & Expo (RE-INVEST) held from September 16-18, 2024, at Mahatma Mandir, Gandhinagar, Gujarat. This flagship event of the Government of India showcased India's leadership in the renewable energy sector, attracting over 25,000 delegates, 250 international delegates, 363 companies, and 250 speakers. The government of India aims to achieve 500GW energy through renewable energy by 2030 and net-zero emissions by 2070. To achieve this ambitious goal, innovative policies, regulatory frameworks, and strong public-private partnerships are essential. One of the key focus areas is the financing of the renewable energy sector. Financial instruments like green and ESG bonds, InvITs, and other hybrid products are being considered to finance the sector and recycle capital. The push towards a circular economy is also necessary to address the issue of recycling and reusing end-life and mid-life material waste in the renewable energy sector. India's potential for onshore and offshore wind projects is significant, with the goal of reaching 100 GW by 2030 requiring more investments, easier global entry and exit, and risk mitigation. Clean energy supply chains are important for positioning India as an attractive manufacturer and exporter of renewable energy. Addressing the gender gap in the renewable energy sector is another priority for India. Women make up only 32% of the workforce globally, and India anticipates creating 3.4 million jobs through solar and wind energy development. The 4th edition of RE-INVEST provided a platform for government officials, industry leaders, investors, researchers, and policymakers to discuss these issues and more. Over the years, RE-INVEST has attracted an increasing number of global and Indian participants. India's achievement of 200 GW of non-fossil power capacity marks a significant step towards the goal of 500 GW by 2030. This requires collaboration with other states and global leaders, green investments, and supportive policies. India ranks fifth in solar power capacity and plans to reduce the cost of energy transition through innovative cell technology. The country is also committed to net-zero emissions by 2070 and plans to implement the National Hydrogen Mission, the Production Linked Incentive (PLI), and the FAME scheme to promote innovation, attract investments, and encourage sustainable development. The 4th Global Renewable Energy Investment Meet & Expo (RE-INVEST) was organized by the Ministry of New and Renewable Energy (MNRE), Government of India, CII, and IREDA. RE-INVEST has taken place in three previous editions: 2015, 2018, and 2020. As India continues to invest in and develop its renewable energy sector, events like RE-INVEST will play a crucial role in driving growth, attracting investment, and fostering collaboration.
Read also:
- Aiming to simplify the move towards cleaner automobiles, the newly established ministry plans to take direct action with Pannier-Runacher, Létard, and Vautrin at the helm.
- "The imperfect yet essential documentary, "Planet of the Humans," raises challenging and uncomfortable inquiries"
- Exciting Escapades of Tintin
- More than half of British homes adhere to insulation standards established during the 1970s.
