RE-Invest Summit 2015

Date: February 15, 2015

Niti Ayog's First Initiative Report India’s Renewable Electricity Roadmap 2030 RE-Invest Summit 2015

first Renewable Energy Global Investors Meet and Expo (Re-Invest) 2015

Prime Minister on 15th Feb. inaugurated the first Renewable Energy Global Investors Meet and Expo (Re-Invest) 2015 in New Delhi. The meet aims at evolving innovative financial models for funding and to ensure the partnership of states and the Centre in harnessing renewable energy. Germany is the partner for Re-Invest 2015. Over 2500 delegates including exhibitors from 45 countries are participating in the three day event.

prepare ias

The summit will showcase the Union Government’s commitment in the development and scaling up of renewable energy in a socio- economic-ecological sustainable manner to meet the national energy requirement.
It assures to provide single platform to attract large scale investments for renewable energy mainly solar and wind power generation in India.
At present, renewable energy contributes over 6 percent of the total power generated in India. Union government is planning to double its share to 12 percent with an investment of $100 billion over the next four-five years.To increase the share of renewable energy, government also has revised the target of solar power generation from 20,000 MW by 2022 to 100,000 MW by 2020.

Niti Ayog's First Initiative-

The “Report India’s Renewable Electricity Roadmap 2030—Toward Accelerated Renewable Electricity Deployment” was released at the Renewable Energy Global Investors Meet & Expo (RE-INVEST 2015) here today. The report was brought out by NITI Aayog with some other experts. The Report talks about the current scenario of renewable energy in India and what needs to be done for its accelerated deployment to address energy security concerns. It is considered as the first initiative/ assignment of niti ayog.