ReNew Power Ventures and Indian Institute of Technology-Delhi (IITD) have signed a Memorandum of Understanding to set up a research facility on renewable energy. The MoU between the two is signed with an aim to encourage talent and to create opportunities for academic research in renewable energy sector.
According to a company release, a Chair in Renewable Energy and Storage sector will be established with representatives from both the entities. Under the MOU, a research and training programmes will be proposed jointly for representatives of both ReNew and IIT Delhi to lead or participate in.
“We believe that this collaboration will play a key role in promoting the advanced development of clean energy technologies through innovative research to generate a greater awareness about and thereby promote the use of clean energy,” said Sumant Sinha, Chairman & CEO, ReNew Power said.
“The synergistic combination of a large pool of expertise available at IIT Delhi and the vast industrial experience of Renew Power in the field of renewable energy will help in focusing the research efforts towards addressing India specific issues in this important area. It is quite satisfying for us that IITD is partnering with Renew Power, which has been established by our own alumnus and I am confident that Sumant’s proven leadership will be a great inspiration for young students in our institute and will inspire them to think green,” V. Ramagopal Rao, Director, IIT Delhi said.