New Hampshire, USA -- Two more renewable energy projects in Latin America are recognized under the United Nations’ Framework Convention on Climate Change (UNFCCC) and its Clean Development Mechanism (CDM), which was established as part of the Kyoto Protocol to spur implementation of projects that contribute to the reduction of greenhouse gases, and that can also be used as a carbon credit “cap and trade” mechanism.
In Brazil, the 3.75-GW Jirau hydropower plant has been recognized as the largest renewable energy plant under the CDM. Jirau, located on the Madeira River in the northern state of Rondonia, is being developed by GDF Suez, Eletrosul, and Chesf (Mitsui was brought on recently as an investor), and should be commissioned later this year.
Its operating permit was granted last year by the Institute of the Environment and Natural Resources (IBAMA).
And in Uruguay, SOWITEC has registered the nation’s first CDM program of activities (PoA) for wind energy. The 81-MW, 27-turbine Castillos Norte project in the country’s southeast, which will deliver an anticipated 336,000 MWh per year to the national electricity grid. “Our project will be able to supply more than 100,000 households with CO2-free electricity,” proclaimed Tabaré Pagliano, director of SOWITEC Uruguay. The company is encouraging other similar local projects to join its CDM PoA, which means they won’t have to undergo their own CDM project cycle, helping to reduce costs and speed up approval processes.
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Lead image: Hydropower plant via Shutterstock