SBI to save Rs 30 cr annually from wind, solar power investments

SBI to save Rs 30 cr annually from wind, solar power investments

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.

State Bank of India Saturday 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 having 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.