EcoSecurities awarded contract to purchase 6 million CERs from Chinese wind farms
EcoSecurities, a leading company in the business of sourcing, developing and trading carbon credits, announces that it has signed an Emission Reduction Purchase Agreement (ERPA) with the China Datang Corporation, one of five major state-owned power companies in China, to purchase over 6 million Clean Development Mechanism (CDM) Certified Emission Reductions (CERs) from 13 Chinese wind farms through to 2012.
The group of projects represents one of the largest single offerings of CERs for wind power development under the Clean Development Mechanism (CDM). The ERPA was signed at a ceremony chaired by Yin Li, Director for Strategic Planning for the China Datang Group, on Tuesday 15th April 2008. Gareth Thomas, UK Minister for Business Enterprise and Regulatory Reform, Zhai Ruoyu, President of China Datang Group, and EcoSecurities’ Chief Operating Officer (COO), Adrian Fernando, also attended the signing ceremony.
The revenue generated by the sale of the CERs to EcoSecurities will make the wind farms economically viable to construct, operate and maintain and will promote the sustainability of wind farm development in China. The 13 wind farms, which Datang aims to commission between July 2008 and July 2009, are planned to contribute 618MW of installed capacity and supply an expected 1,366 GWh of renewable power on an annual basis to China’s otherwise carbon-intensive electricity infrastructure.
Adrian Fernando, EcoSecurities’ COO, commented, “We are delighted to have been awarded a sizeable portion of such a significant tender which represents a large addition to our growing portfolio of renewable energy projects in China.”
Customer comments
No comments were found for EcoSecurities awarded contract to purchase 6 million CERs from Chinese wind farms. Be the first to comment!