The UN registers two ACCIONA wind farms in India as a Clean Development Project
The Executive Board of the Clean Development Mechanism (CDM), an organization dependent on the United Nations Framework Convention on Climate Change (UNFCCC), has agreed to register as a CDM project two wind farms owned by ACCIONA in India. Already in operation, these wind farms are the first installed by the company in this country. They are located in the state of Karnataka, in the south of the sub-continent.
Operations at the Anabaru wind farm (16.5 MW) commenced last October, with 10 wind turbines of 1,650 kW per unit. In 2007, ACCIONA installed the Arasinagundi wind farm, 13.2 MW, located next to the Anabaru facility. The company thus has 29.7 MW in operation in the country, all 100% owned by the company.
The two wind farms wind farms have been registered by the United Nations as eligible project under the Clean Development Mechanism (CDM) contained in the Kyoto Protocol. Their renewable energy production over the 10-year period stipulated will avoid the emission of 882,400 tonnes of CO2 that would have been generated to produce the same volume of electricity from power generation plants in the State of Karnataka in that period of time. The company that owns the wind farms will obtain Certifications of Emissions Reductions (CERs) that it could then sell in the emissions trading market.
ACCIONA currently has another two wind farms (total capacity 116 MW) at an advanced stage of administrative processing in India. Applications will also be made for them as CDM projects.
ACCIONA Energy is the first major Spanish wind power developer with its own installations in India. Its subsidiary, with registered offices in Bangalore, has a workforce of 14 people.
ACCIONA aims to have a major presence in India, the fourth world market in the implementation of wind power. India ended 2007 with 7,844 MW of wind power capacity installed, only behind Germany (22,248 MW), the United States (16,971 MW) and Spain (15,145 MW). Installed capacity in the country had already reached 8,800 MW by mid-2008.
A mechanism to reduce emissions
The CDM is one of the flexibility mechanisms envisaged in the Kyoto Protocol to reduce emissions. The aim is that public or private entities carry out projects in developing countries that will contribute to their sustainable development and help towards an overall reduction of greenhouse gases.
In return, developers (companies or other entities) obtain Certificates of Emissions Reductions (CERs) that can be used in industrialized countries to comply with the commitments undertaken in the area of emission reductions under the Kyoto Protocol.
Selling these CERs in the emissions trading market provides economic viability for the projects and favors sustainable development initiatives in countries that receive investments in projects.
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