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PM Modi Inaugurates RE-INVEST 2024, Highlights India’s Long-Term Renewable Energy Vision

RE-INVEST 2024

September 16, 2024

New Delhi, India

Today, Prime Minister Narendra Modi inaugurated the 4th Global Renewable Energy Investor’s Meet (RE-INVEST) 2024 in Gandhinagar, Gujarat. Addressing the event, PM Modi stated that the world views India as the best bet for the 21st century, and the country is laying the groundwork for long-term global leadership.

“We are not only aiming to reach the top but are also preparing to sustain that position for the next 1,000 years,” Modi emphasized, pointing to India’s vision of becoming the world’s third-largest economy and the significant strides made in the first 100 days of the government’s third term.

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Key Highlights from PM Modi’s Address:

  • India as a Global Leader: Modi reiterated that India’s efforts are not just for short-term gains but for sustainable global leadership in the renewable energy sector and beyond.
  • Solar City Development: Modi mentioned that the government is developing Ayodhya and 16 other cities as model solar cities, signaling a stronger push toward solar energy projects.
  • Mission 500 GW: The central theme of RE-INVEST 2024, Mission 500 GW, underscores India’s goal to expand renewable energy capacity to 500 GW by 2030. India is already the 4th largest country globally in installed renewable energy capacity.

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The Ministry of New and Renewable Energy (MNRE) is hosting the three-day event, which has attracted more than 10,000 delegates, including key figures from government, industry, and the financial sector. Attendees also include high-level delegations from global partners such as Australia, Denmark, Germany, and Norway, alongside key Indian states like Andhra Pradesh, Gujarat, Madhya Pradesh, and Rajasthan.

The event marks a major milestone in India’s renewable energy journey, bringing together international stakeholders to drive the global energy transition forward.

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