SBI to save Rs 30 cr p.a. from wind, solar power investments
The country's largest lender SBI today said it has saved Rs 125 crore in the last eight
years by putting up 10 windmills, and expects to save Rs 30 crore annually through its
renewable energy investments.
The bank has installed 10 windmills with a capacity of 1.5 MW each, including six in
Maharashtra, three in Tamil Nadu and one in Gujarat since 2010 and saved over Rs 125 crore
in energy costs, an official statement said. It has also invested in solar power and now
possesses a capacity of 21.23 MW in renewable power sources, it said, adding that taking
it to 25 MW will help it save Rs 30 crore every year.
On the eve of the World Earth Day, the bank said it aims to be carbon neutral and also
announced that it has set up 151 solar rooftop sites that have a capacity to generate 6.23 MW
Energy generated through these renewable sources is solely for captive use by bank's various
offices and branches across the country, making them free of any carbon emission, it said.
"With various climate action plans, we reaffirm our commitment of being a responsible
corporate aligned with sustainable business practices," chairman Rajnish Kumar was quoted
as saying in the statement.
There are many more such examples of success factors in India that have