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RE-INVEST-2015: Make In India-Renewable Energy Focus
Feb 19, 2015

RE-INVEST 2015 titled Make in India–Renewable Energy Focus, a 3-day conference organized recently in New Delhi by Ministry of New and Renewable Energy. It was first Renewable Energy Global Investment Promotion Meet & Expo (RE-INVEST) of its kind.

 Key Features 

  • For a rapidly urbanising India, energy security is a key challenge that needs to be met at the earliest. 

  • The urgency of the issue is evident from the fact that India’s urban population would increase manifold and there should be an additional incentive for spurring investments into building infrastructure for renewable energy to provide energy security. 

  • This should also boost the manufacturing sector as a whole. 

  • The key challenge for India is to grow at 9-10% per annum for three decades or more, to be able to create jobs for a young population. 

  • The second challenge is—India is urbanising rapidly. 

  • These challenges of growth can only be met if the manufacturing sector grows at 13-14% per annum.

  • India has largely grown through services. 

  • Nobody can grow without energy and it is important to understand that in India’s case it cannot grow without renewable energy.

  • India’s current renewable energy portfolio stands at 33.79 Gw out of a total of 254 Gw of installed power capacity.

  • The huge potential resource of 895 Gw from commercially exploitable resources had resulted in renewable energy being identified as one of 25 sectors for the Make in India initiative. 

  • India needs to create a complete ecosystem for this. 

  • 70 percent of the country’s solar content is imported and coming in from China and the US.

  • In the wind energy sector, manufacturing capacity is 10 Gw and caters to rural markets mainly, even if numerous companies have set up operations.

  • In the small hydro sector India has installed capacity of 3.8 Gw as against an estimated potential of 20 Gw. 

  • Renewable energy holds massive financial promise for investors since India is aiming to expand energy generation from renewables to 100 Gw over the next five years. There’s 100 billion dollars to tap. 

  • Feed-in tariffs, portfolio standards, better evacuation infrastructure and moving away from predictive buying and selling are some of the issues that had to be looked into to help grow the renewables sector’s footprint in energy generation. 

  • India could also learn from the incentive schemes used in the US, Europe and China, such as tax rebates as well as financial instruments like green bonds.

  • 14 banks and financial institutions, 8 PSUs and private manufacturers, 15 private sector companies gave their Green Energy Commitments. 

  • Green Energy Commitments worth 2, 66, 000 Mw were received during the conference. 

  • 2800 delegates from 42 countries participated in the three day RE-INVEST 2015.

  • 202 speakers addressed various sessions, out of which the 40 international speakers were from 29 countries. 

  • 200 global investors providing financing and investment solutions also participated in the conference. 

  • 9 states showcased their policy initiatives in the renewable energy sector.

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