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TERI University hosts festival to make India a renewable energy hub

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New Delhi (Nov. 17, 2014): To generate awareness about renewable energy among students, TERI University today organized the annual festival ‘REtopia 2014 – How to make India a Renewable Energy Hub’.

Delivering the inaugural address, Shri Piyush Goyal, Hon’ble Minister of State for Power, Coal and New and Renewable Energy (Independent Charge), Government of India, said: “Academics always have a special place in my heart. I am deeply privileged to be a part of this event, and would like to congratulate TERI University for its excellent work.The world cannot be safe anymore in the years to come unless we take up renewable energy on a mission mode. I am fortunate to serve under a Prime Minister who himself is deeply committed to this cause.”

He further added, “We have reset the targets of renewable energy. What we inherited was 20 GW upto 2022, which we are trying to reset to 100 GW. On the solar front, we believe there is enormous potential to take it to 100,000 MW in next 5-7 years.We are trying to make these projects viable, by providing grid parity, making it economically viable, and ensuring that bankability and returns are reasonably assured. In short, we are trying to make it self-sustaining.”

“Renewable energy may seems expensive, but in the long-run its scores over conventional energy. The subsidy regime needs to be more robust, targeted and sustainable. The Government of India stands committed to lead the revolution in the renewable energy sector. Transparency, honesty, world-class technology will be the key to deal with key challenges,” MrGoyal added.

Speaking on the occasion, Dr RK Pachauri,Chancellor, TERI University,& Director General, The Energy and Resources Institute (TERI),said:“India faces a range of challenges and opportunities in which renewable energy initiatives would have multiple benefits for society in the years ahead. Our universities and institutions of higher learning have to radiate knowledge and provide solutions for a bright renewable energy future for India.”

Dr. Leena Srivastava, Vice Chancellor, TERI University & Executive Director, TERI, said:“Both India’s energy security challenge and the planetary imperative to move towards clean energy sources are already driving a huge growth for the renewable energy industry in the country and worldwide. At the same time, India has a vast pool of young qualified graduates who can be the promising new clean energy workforce, on whose shoulders the renewable industry can build further and faster. TERI University (TU) is not only educating its own students to be a part of this workforce, but through its online programme and other related activities, such as RETOPIA, TU is enthusing students from other universities, as also mid-career professionals in this direction.”

Mr. Amit Kumar, Adjunct Professor, Sustainable Energy, and Patron, REtopia, said:“REtopia is a unique, inter-institutional renewable energy ‘tech-fest’ for the youth. It helps bring together representatives from the academia, industry and the government to enable collective thinking to meetthe country’s energy security and emphasizing the role of renewables and clean energy solutions. The youth will shape our energy future, and an event like REtopia can help make a big difference to channelizetheirexuberance for constructive purposes.”

Among the events that will unfold during the next two days include:

  • Renewable Energy Design (RED) Challenge – Business model challenge :An event which brings aspiring entrepreneurs in the field of Renewable energy to the lime light.

  • Panel Discussion :Eminent personalities from Industries Government, Academics and Research discuss about their constructive role in making India as the Renewable energy hub of the world.
  • Head to Head: Enthusiastic audience and experts discuss head on head about Renewable energy advancement and future scope in terms of business, knowledge, job opportunity, policy etc.This year’s discussion is on The biggest hurdle for Renewable Energy growth in India.

    • IDP: Industries put up the problem statement related to clean tech and young minds come up with the best possible solution to solve it.

    A panel discussion was alsoheld, where speakers representing the government, leading businesses, academia and financial institutions spoke on a range of issues.
    The event witnessed the participation of eminent luminaries from across the spectrum, including policymakers, academia and students.

    The Department of Energy and Environment of TERI University hoststhis annual fest to bring together professionals and policymakers and highlight the significance of renewable energy and sustainable development in today’s world. In the past, REtopia has witnessed the participation of delegates from IREDA, MNRE, BEE, IITs, IEX, NPL, IOCL, Suzlon, TCS, TERI and students from across the country.