Renewable energy global meet in Feb 2015 to attract large investments
Updated: Sep 30, 2014 02:03:13pm
New Delhi, Sept 30 (KNN) With an aim to attract large scale investments to the renewable energy sector in country, the Ministry of New and Renewable Energy (MNRE) is organising a renewable energy global investors meet and expo here early next year.
Jointly organised by Indian Renewable Energy Development Agency (IREDA), Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI), the first Renewable Energy Global Investors Meet and Expo (RE-INVEST) is scheduled to be held in the national capital on February 15-17, 2015.
“It will be the first major platform for investment promotion in the renewable energy sector at Government of India level to signal India’s commitment to the development and up scaling of renewable energy for meeting its energy requirement in a sustainable manner,” an official release said.
RE-INVEST will enable the global investment community to connect with renewable energy stakeholders in India. The event is expected be attended by over 200 investors, both domestic and international. Besides, representatives from State Governments, Public Sector enterprises, renewable power developers and manufacturers, state renewable energy nodal agencies and other related stakeholders will also play an important role. Over 1,000 delegates are expected to attend the Meet.
Renewable Energy contributes about 6.5 per cent to the electricity mix of the country. It is proposed that this would be taken to about 12 per cent in the next three years.
Major initiatives by the Government including accelerated depreciation, generation based incentive, feed-in-tariff, viability gap funding are expected to add massive investments to the renewable energy sector. Significantly, FDI up to 100 per cent under the automatic route is permitted in renewable energy sector.
RE-INVEST will be the culmination of a conference and exhibition of manufacturers, project developers, investors and other players in the renewable energy space to showcase manufacturing capabilities, latest technologies, financing options and investment opportunities. International companies in the renewable energy space from different countries will also have the opportunity to exhibit and showcase at the Expo to a wide Indian audience.
Some of the country's leading industrial and sector specific associations /organizations, including ASSOCHAM and PHDCII will be closely associated with the event. (KNN/ES)
Jointly organised by Indian Renewable Energy Development Agency (IREDA), Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI), the first Renewable Energy Global Investors Meet and Expo (RE-INVEST) is scheduled to be held in the national capital on February 15-17, 2015.
“It will be the first major platform for investment promotion in the renewable energy sector at Government of India level to signal India’s commitment to the development and up scaling of renewable energy for meeting its energy requirement in a sustainable manner,” an official release said.
RE-INVEST will enable the global investment community to connect with renewable energy stakeholders in India. The event is expected be attended by over 200 investors, both domestic and international. Besides, representatives from State Governments, Public Sector enterprises, renewable power developers and manufacturers, state renewable energy nodal agencies and other related stakeholders will also play an important role. Over 1,000 delegates are expected to attend the Meet.
Renewable Energy contributes about 6.5 per cent to the electricity mix of the country. It is proposed that this would be taken to about 12 per cent in the next three years.
Major initiatives by the Government including accelerated depreciation, generation based incentive, feed-in-tariff, viability gap funding are expected to add massive investments to the renewable energy sector. Significantly, FDI up to 100 per cent under the automatic route is permitted in renewable energy sector.
RE-INVEST will be the culmination of a conference and exhibition of manufacturers, project developers, investors and other players in the renewable energy space to showcase manufacturing capabilities, latest technologies, financing options and investment opportunities. International companies in the renewable energy space from different countries will also have the opportunity to exhibit and showcase at the Expo to a wide Indian audience.
Some of the country's leading industrial and sector specific associations /organizations, including ASSOCHAM and PHDCII will be closely associated with the event. (KNN/ES)
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