India’s National Stock Exchange Switches To Wind Power
There’s finally some good news from the stock markets.
One of the leading stock exchanges in India, the National Stock Exchange (NSE), has invested in a wind energy project for captive power consumption. The stock exchange, the largest in India in terms of daily volume traded, will fulfil 65% of its power demand from the wind energy project.
NSE partnered with one of India’s largest wind energy solutions provider, Suzlon Energy, to set up the 6.25 MW project, which is expected to offset greenhouse gas emissions equivalent to 12,730 tonnes of carbon dioxide every year.
NSE has taken several measures to boost energy efficiency and increase consumption of renewable energy at the Exchange Plaza, the headquarters of the NSE. The exchange conducted an audit on the water and carbon footprint of the Exchange Plaza; experimented with demand response program with the local power utility; implemented thermal energy storage for air-conditioning systems during peak hours; and uses solar-powered lighting systems.
Through the changes in the laws and regulations over the last few years, Indian companies are now required to pay more emphasis to their corporate social responsibility, with amendments made to the Companies Act now requiring companies to invest more in environmental and social causes.
Several large companies are now looking to increase the share of electricity they procure from renewable energy sources. Infosys, one of the leading IT companies in India, and the world, has announced plans to switch to 100% renewable energy by 2018. Other companies are also looking to replace diesel-based power generators with small-scale solar power projects or have invested in group captive wind energy projects that feed to several consumers.
Image Credit: zadeus | CC-BY-SA 2.0
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