Chennai: Saint-Gobain India and IIT Madras Research Park have entered into an MoU on Thursday to develop a 100% Renewable Energy (RE) – research park. Saint-Gobain India will support IIT Madras Research Park with a funding of Rs one crore over the next three years and the collaboration is to boost the transformation towards a low carbon future and to aid India in achieving 100% renewable energy.
The partnership will focus on addressing the energy challenges and promote maximum use of alternate energy sources and develop sustainable models to ensure energy efficiency. IIT Madras Research Park intends to create a robust energy storage mechanism within the campus that will allow it to operate primarily on energy generated from renewable sources.
“The partnership is an endeavour to support the institute’s purpose of ensuring 100% use of renewable energy sources and the model will be developed within the span of three years by the institute,” P Padmakumar, executive director – HR and Head-CSR, Saint-Gobain India said.
