State Bank of India (SBI) has become the first bank in the country to venture into generation of green power by installing windmills for captive use. As part of its green banking initiative, SBI has installed 10 windmills with an aggregate capacity of 15 MW in the states of Tamil Nadu, Maharashtra and Gujarat. SBI has planned to install an additional 20 MW capacity of windmills in Gujarat soon and aims to touch 100 MW power generation through windmills within five years.
The total cost of installation of a windmill of 1.5 MW is around Rs 10 crore. The operation cost is close to zero.
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