[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]



LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

TrustPower carbon sale  

European company Electrabel has signed an Emission Reduction Purchase Agreement with TrustPower to buy carbon credits from one of its wind farms.

Electrabel will purchase 228,000 carbon credits from TrustPower’s Tararua II Wind Farm over the period 2008-12.

The Tararua II Wind Farm is an eligible project under the Joint Implementation mechanism of the Kyoto Protocol yielding Emission Reduction Units.

Electrabel will use the Emission Reduction Units to cover its commitments under the European emission trading scheme.

TrustPower trading manager Therese Thorn says the sale of Emission Reduction Units to Electrabel is a “great example of how businesses in other countries can effectively help pay for the cost of New Zealand investments in clean, green, sustainable energy and other projects”.

She says TrustPower is looking to place a further allocation of its remaining 1.1 million Assigned Amount Units produced from its renewable generation portfolio into the market soon.

TrustPower did not disclose the sale price. Assuming a carbon price near current EU trading levels of $30 a tonne, TrustPower would have netted around $7 million from the deal.

NewsRoom.co.nz Agency Story

Additional material has been added by NBR staff.

The National Business Review

20 November 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

Wind Watch on Facebook

Follow Wind Watch on Twitter