Re-Invest 2018
Over 10,000 people attend Re-Invest 2018 on day one; event a grand success

Global accolades for 2nd Global RE-Invest India-ISA Partnership Renewable Energy Experts’ Meet & Expo on day 1

Over 10,000 people attended the 2nd Global RE-Invest India-ISA Partnership Renewable Energy Experts’ Meet & Expo (RE-Invest 2018) on day one, the 3rd, October, 2018 at Greater Noida. This included over 5000 delegates and 180 exhibitors. There were 354 business to business bilateral meetings held on day one. The power-packed sessions included the First Assembly of the International Solar Alliance, 2nd Indian Ocean Rim Association (IORA) Energy Experts Meeting, Chief Ministerial Plenary and country sessions by USA and France among others.

The first Assembly of International Solar Alliance was presided by the Minister of State (IC), Power and Renewable Energy, R K Singh and Minister of State, Ministry of Ecological and Solidary Transition, France, Brune Poirson co-presided the Assembly.

During the business proceedings of the Assembly, a joint declaration was signed between Indian Ocean Rim Association and International Solar Alliance. The Government of Haryana announced solar award in partnership with ISA in memory of Kalpana Chawla, the first woman astronaut of Indian origin to go to space. The Memorandum of Understanding was signed by Minister of Energy, Government of Haryana Banwari Lal, with ISA in the presence of the President and Co-President of the Assembly.

The corporate partners of ISA presented three cheques for the Corpus Fund of ISA. The first cheque was presented by Secretary Power, Government of India A K Bhalla, and CMD, Power Finance Corporation Rajeev Sharma, for 1USD million. The second cheque was presented by General Manager, Coal India G S Bhatti, for 1USD million. The third cheque was presented by Executive Director, ITPO Deepak Kumar for 2USD million.

Throughout the day, renewable energy experts from the IORA countries deliberated on ways to collaborate and formulate strategies for rapid development and deployment of renewables. The Chief Ministerial PlenarySession saw representatives from Himachal Pradesh, Puducherry, Andaman & Nicobar Islands and Uttar Pradesh sharing the renewable energy policy initiatives implemented by these states in order to invite investors.

There were country sessions by France and the United States, in which experts from these countries showcased their achievements and shed light on technological trends in different spheres of renewable energy.France and USA organized dedicated country sessions, which culminated in the signing of MoUs (Memorandum of Understanding) and a Joint Announcement.

An MoU was signed between the French Agency for Development and Solar Energy Corporation of India, on innovation in Solar Energy and another MoU was signed between the French Commission for Atomic and Alternative Energies (CEA)Bollore’ Blue Solutions, and Solar Energy Corporation of India (SECI), on storage, grid management and e-mobility. A Joint Announcement of Demand Aggregation Pilots was made between India and USA in the country session by USA.

Day one also witnessed two special sessions. Masayoshi Son, Chief Executive Officer of SoftBank Group, addressed the first special session where he talked about the low prices of solar power in India and highlighted the fact that his solar energy projects will provide free electricity to ISA member countries after 25 years of PPA.

The second special session was addressed by Sonam Wangchuk, Founding Director, Students’ Educational and Cultural Movement of Ladakh. He spoke about how investments in renewable energy must be driven by concern for the planet instead of pure financial gain. Sonam Wangchuk said, “Energy saved is energy generated. If each Indian were to set their watch ahead by one hour from the Indian Standard Time during summer season, the country would save millions of megawatts of energy and benefit enormously. Currently, some countries practice day-light saving time, but if a country the size of India does it, it will be great for the planet,” Wangchuk said.

Sessions titled ‘A Leap Into Offshore’ and ‘Winds of Change’ was also organised, in which top global wind energy experts lauded India’s 30 GW offshore wind energy generation target by 2030. The panel discussed prudent policies to boost investments to accelerate growth of the offshore wind market in India.

21 IORA Countries adopt Delhi Declaration on RE

As many as 21 countries in the Indian Ocean Rim Association (IORA) adopted the Delhi Declaration on Renewable Energy in the Indian Ocean Region, post the 2nd IORA Renewable Energy Ministerial Meeting held at the 2nd Global Re-Invest India-ISA Partnership Renewable Energy Investor’s Meet & Expo in Greater Noida.

The Delhi Declaration on Renewable Energy in the Indian Ocean Region calls for collaboration among IORA member states in meeting the growing demand for renewable energy in the Indian Ocean littorals, development of a common renewable energy agenda for the Indian Ocean region and promote regional capacity building.

The declaration also calls for promotion of technology development and transfer, strengthening of public private partnerships in renewable energy and collaboration among IORA member states and the member nations of the International Solar Alliance (ISA). IORA member countries also resolved to collaborate with the International Renewable Energy Agency (IRENA).

Minister of State (IC) Power and New & Renewable Energy, Government of India R.K. Singh, Secretary General, Indian Ocean Rim Association (IORA) Nomvuyo N Nokwe, Deputy Minister of Energy, Ministry of Energy, South Africa Thembisile Majola, State Minister for Foreign Affairs, Bangladesh Shahriar Alam M.P. participated in the ministerial meeting. Ministerial representatives from Iran, Mauritius, Seychelles, Sri Lanka and Yemen also spoke at the meeting.

As per the declaration adopted, IORA member nations will collaborate with the ISA member nations to exchange knowledge and share views and potential interests in the renewable energy sector; paved by the Memorandum of Understanding (MoU) signed between IORA and ISA on 3 October 2018, with a focus on joint capacity-building programs, research & development activities in solar energy and exchange of best practices.

Additionally, IORA member nations and IRENA will undertake the expansion of the Global Renewable Energy Atlas, the world’s largest-ever joint renewable resource data project, coordinated by IRENA, thereby creating the Indian Ocean region’s first and most comprehensive map and database which can then be used to tap the sizable renewable energy potential of the region; and to collaborate on opportunities available under the International Renewable Energy Learning Platform (IRELP).

The Indian Ocean Rim Association was set up with the objective of strengthening regional cooperation and sustainable development within the Indian Ocean Region with 21 Member States and 7 Dialogue Partners. The last Renewable Energy Ministerial Meeting was held on 21st January, 2014 in Abu Dhabi, UAE. Subsequently, during the meeting of IORA Council of Ministers, held in October, 2016 in Bali, Indonesia, it was decided that the next conference will be held in India. In line with the commitment made, India hostedthe 2nd IORA Renewable Energy Ministerial meet today.

India, Australia, Iran IR, Indonesia Thailand, Malaysia, South Africa, Mozambique, Kenya, Sri Lanka, Tanzania, Bangladesh, Singapore, Mauritius, Madagascar, UAE, Yemen, Seychelles, Somalia, Comoros and Oman are members of IORA.

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