State Bank of India (SBI), India’s largest commercial bank, has taken an initiative to adopt “Green Banking”. It has installed 10 windmills with an aggregate capacity of 15 MW in Tamil Nadu, Maharashtra and Gujarat. The project has been supplied by Suzlon Energy, India’s leading wind turbine manufacturer. The electricity generated by the wind turbines would be utilized to power various SBI facilities and operations across Maharashtra, Gujarat, Tamil Nadu.
Though SBI has been the first player in the financial services sector to take such an initiative but it can be expected that more such Companies would soon follow suit. This apart from reducing the effect the carbon footprint would also help the wind energy market to grow further.
Though SBI has been the first player in the financial services sector to take such an initiative but it can be expected that more such Companies would soon follow suit. This apart from reducing the effect the carbon footprint would also help the wind energy market to grow further.
(The Suzlon Energy Chairman and Managing Director, Mr Tulsi R. Tanti is an Indian Entrepreneur.)
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