SSE Signs Wind Farm Agreements With GD Power Development
Posted on: Thursday, 13 September 2007, 06:00 CDT
Scottish and Southern Energy has signed four agreements with GD Power Development to support the development of four new wind farms in northeast China. SSE Energy Supply Limited will purchase around two million carbon emissions reduction certificates over a period of five years from 2008.
Under the Clean Development Mechanism (CDM) established under article 12 of the Kyoto Protocol, countries - and therefore companies - can meet their carbon emission reduction targets by purchasing carbon emissions reduction certificates (CERS) from CDM-approved carbon reduction projects in the developing world. This is the first time that Scottish and Southern Energy (SSE) has directly acquired primary CERs from a project.
Each of the four wind farms is expected to have an installed capacity of around 50MW and will displace carbon emissions from coal-fired power stations in the region, leading to around two million tones of carbon dioxide being avoided. The construction of the first of the wind farms, GD Xingcheng Haibin, is already underway and the last of them is expected to be commissioned during 2008.
In May 2007, SSE announced that it has set itself a target to reduce by 20% by 2016 the amount of carbon dioxide per kilowatt hour of electricity produced at power stations in which it has an ownership or contractual interest. It said that its target would include CERs from specific generation projects under the CDM, but would exclude those not related to a specific generation project.
Source: Datamonitor
Related Articles
- Frost & Sullivan Sees Investment Opportunities in China Wind Power Industry
- The Report on Wind Power in China is a Complete Analysis of the Chinese Wind Energy Industry
- Research and Markets: FPL Energy, LLC Wind Power Portfolio Analysis Provides Analysis of FPL Energy's Key Revenue Lines
- First Wind Obtains Tax Equity Financing for Its Steel Winds Power Project
- Big Oil Embraces Wind Power
- Major Wind Power Project Developers and Financiers to Gather at Industry's Annual Deal-Making Event
- Wind Power Shanghai 2007 to Be Held in November
- Greeting Card Publisher, Gallery Collection, Announces Wind Power Commitment
- Sempra Generation Enters Renewable-Energy Business; La Rumorosa Wind Power Project Slated for Baja California
- Cape Cod wind power backers confident of US approval
User Comments (0)

RSS Feeds