Welspun registers India’s first dual scale renewable energy program under UNFCCC
The Welspun Renewable Energy Program run by Welspun Energy has been registered with the United Nations Framework Convention on Climate Change (UNFCCC) as a Clean Development Mechanism Programme of Activities (CDMPoA) with effect from November 19, 2012. This will allow the addition of an unlimited number of solar and wind energyprojects from India over the PoA lifetime of 28 years, a statement from the company said.
Welspun’s registered PoA includes a 25 MW grid connected solar photovoltaic power project that is under implementation at Neemuch, Madhya Pradesh and is expected to avoid emissions of 37,739 metric tonnes of CO2 annually for a period of 21 years. This is India’s first dual scale program which includes both large scale as well as small scale CDM projects, the statement said.
The CDM allows emission-reduction projects in developing countries like India to earn Carbon Emission Reductions credits, each equivalent to one tonne of carbon dioxide. These credits can be used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol.