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2nd Renewable Energy Global Investors Meet & Expo (RE - INVEST, 2016) during 18 to 20 February, 2016 in New Delhi, India

RE-Invest 2015

Organisation of 2nd Renewable Energy Global Investors Meet & Expo
(RE - INVEST, 2016) during 18 to 20 February, 2016 in New Delhi, India

1.  The Ministry of New & Renewable Energy (MNRE) had organized First Renewable Energy Global Investors Meet & Expo (RE-INVEST - 2015) during 15 - 17 February, 2015, to showcase India's renewable energy potential, as a follow-up of the 'Make in India' initiative launched by the Prime Minister of India.

2.  RE-INVEST 2015, organised in partnership with Indian Renewable Energy Agency (IREDA), Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce (FICCI) was a resounding success. Nearly 3,000 delegates including representatives from 41 countries participated in this 3-day event. Key among these participants included ministerial delegations from Germany and the UK, industry delegations from several countries including China and about 200 global investors. Over 200 speakers including more than 40 international speakers shared their perspectives on various aspects of renewable energy. The world-class trade show featured exhibits from 119 Indian & International organizations exhibiting their products, manufacturing technologies and innovations.

3.  RE-INVEST concluded with 387 global and domestic investors/ project developers/ companies/ PSUs submitting "Green Energy Commitment" letters to the Government of India to develop and set up RE projects aggregating to more than 272 GW surpassing our initial target of 100 GW. Similarly, 30 major Banks/ financial institutions committed to finance over 70 GW of renewable energy projects. 17 companies have submitted Green Energy Commitment letters for setting up manufacturing facilities aggregating to more than 62 GW.

4.  The overwhelming response received by RE-INVEST 2015 was also in line with the current status and trends that in all the ways points towards the investors' confidence reposed in Indian economy and the investment policies of the Government.

5.  India has set a target of installing 175 GW of renewable capacity by 2022. To achieve this target there would be requirement of a capital outlay of US$ 120 billion and equity of US$ 40 billion. The scaled up installation targets and the intent of creating conducive manufacturing environment under the 'Make in India' initiative has opened up immense opportunities for investment in RE in India.

6.  RE-INVEST 2015 has succeeded in achieving its objective/ theme. Encouraged by the massive support and participation of delegates from across the world and the enthusiasm shown by the investor to invest in RE sector in India, it has been decided to make RE-INVEST an annual event.

7.  To maintain the momentum generated during RE-INVEST 2015, it is proposed to organise 02nd edition of the RE-INVEST from 18-20 February, 2016 in New Delhi. RE-INVEST 2016 will help deliberate upon the developments since February 2015; providing forum for constant dialogue, exchange of ideas/ information, views among industry, business, financing institutions and policy makers for further refining the renewable energy programme in India. This event will go a long way towards Hon'ble Prime Minister's twin missions of "Make in India" and establishing India as the pre-eminent investment destination, over the next decades.

8.  We are pleased to invite all potential investors, international financiers, pension and other funds managers, bankers, financial institutions, non-banking financial companies, potential exhibitors, industry associations, renewable power developers and manufacturers and other related stakeholders in Canada, to participation in RE-INVEST 2016. For more information, please see the attached RE-INVEST Flyer. More information on the RE sector in India and RE-INVEST is available at www.mnre.gov.in and www.re-invest.in

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