As a result, going forward, 65 percent of the energy consumed at the exchange's Mumbai headquarters will be met by the wind energy, the company said.
The project is located at Satara, Maharashtra, and is considered a milestone for NSE and Suzlon since it is India’s first stock exchange to deploy wind energy to off-set its captive power usage.
Comprised of five Suzlon S66, 1250 kW WTGs turbines, the project is expected to reduce the exchanges annual carbon emissions by 12,730 tonnes CO2 emissions annually.
"The investment in wind power project is part of our long term focus on sustainable development," said Mahesh Haldipur, a spokesperson for the exchange.
"Harnessing wind energy for our operations is a step in that direction. This is in addition to the various power saving and energy efficient measures being undertaken at the premises," Haldipur said.
Ishwar Mangal, chief sales officer for Suzlon Group, believes the increased focus and investment in wind energy is a testament to corporate India's desire to both mitigate climate change and enhance energy security.
"NSE’s thrust on sustainable development and investments in wind energy will also encourage other business entities to harness wind energy for meeting their energy requirements and to hedge power cost for next 25 years thereby contribute towards a greener tomorrow," Mangal said.
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