Three Events, One Goal: RE-INVEST, ISA Assembly and IORA Meet Begin

RE-INVEST, ISA Assembly and IORA Meet Begin

The second edition of India’s flagship renewable energy event, RE-INVEST 2018 kicked off on October 2, along with two more global events including the first assembly of the International Solar Alliance (ISA) and the second Indian Ocean Rim Association (IORA) Renewable Energy Ministerial Meeting.

All the three events were inaugurated at a common function by the Prime Minister Narendra Modi in the presence of Antonio Guterres, Secretary General, United Nations at Vigyan Bhavan, New Delhi. Also present on the occasion were Sushma Swaraj, Minister of External Affairs, Government of India, R.K. Singh, Minister of State (Independent Charge), Power and Renewable Energy, Government of India, Brune Poirson, Secretary of State to the Minister for the Ecological and Inclusive Transition, Government of France, Thembisile Majola, Deputy Minister of Energy of South Africa and Anand Kumar, Secretary, Ministry of New and Renewable Energy.

Highlighting the key role that ISA is likely to play in the global solar power space, Modi said, “ISA is a platform to realise climate justice. It is a gift that we are giving to future generations. In the future, the alliance is likely to become what presently OPEC is to the world. Solar energy will play the role that is being played by oil wells today. Antonio Guterres’ presence here today is testament to the importance that ISA holds for the UN.”

He further added, “The energy challenges of the IORA countries are similar and that is why to tackle them we need to focus on renewable energy. By 2030, India has set a target to produce 40 per cent of power through non-fossil fuel sources. And by 2022, we will successfully surpass the 175 GW renewable energy target.”

A key proposal put forward by the prime minister at the inaugural was of “One World, One Sun and One Grid”.

Speaking at the occasion Guterres emphasised that climate change is now becoming a direct existential threat. “It is clear that we are witnessing a global renewable energy revolution. However, what we still lack is the political commitment to meet the targets, for which more ambition and more action is needed. ISA represents exactly what needs to be done to address this challenge,” he said.

Swaraj mentioned that the three events are focused on the single goal of sustainable environment. “As far as ISA is concerned, of the 121 prospective member countries, about 70 have signed the Framework Agreement of the ISA. Of these, 44 countries have deposited the instrument of ratification. There is also a proposal to extend the membership to all the UN members. A $1.4 billion line of credit has already been extended by the Indian government towards this initiative,” she stated.

The business and technical sessions of ISA Assembly, the IORA meet and RE-INVEST 2018 expo will be held at India Expo Mart in Greater Noida.

More than 600 global industry leaders will be part of the 10,000 delegates likely to attend the three parallel events. The participants will include ministerial delegations from the member countries of ISA and IORA apart from industry representatives from other parts of the world. Further, over 275 speakers including 50 international speakers will be participating at various conferences to be held across three days. There will be eight state sessions and nine country sessions as well.

The exhibitor profile includes companies from the entire gamut of renewable energy including solar energy, wind energy, hydro power, bio-energy. Exhibitors from emerging segments of offshore wind energy, geothermal energy, co-generation and energy efficiency are participating as well.