Standard Chartered Bank has bought a stake in a wind farm, Green Infra, to source green energy for an office in Chennai. The bank is targeting improvements in energy and resource efficiency in its buildings. It has taken a 26 per cent stake in Green Infra to source over 1.5 million units of electricity annually for its office building on Rajaji Salai in North Chennai. This will meet over 85 per cent of the building’s energy needs, according to Ravi Duvvuru, Regional Head-Regulatory Compliance, India and South Asia.
The bank has more than 20 large buildings each more than 10,000 sq ft, where such plans to enhance energy efficiency, water use efficiency and reducing paper wastage are on, he said. The tie up with the wind farm is an expansion of a similar initiative earlier where it tied up for supply of 12.5 million units of electricity annually for its office in Haddows Road.
Contact: Standard Chartered Bank India
Web: www.standardchartered.co.in
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