Indian Group Tata Power registered first CDM wind project

The 50.4 MW Khande wind farm was included among the CDM projects by the UNFCCC, from which it will earn 85,000 certified emission reductions annually, worth over one million euros per year

50.4 MW wind farm built by Tata Power in Khandke the Indian district of Ahmednagar Maharashtra, has been approved by the United Nations Framework Convention on Climate Change (UNFCCC) among the Clean Development Mechanism (CDM) established under the Kyoto Protocol. This is the first CDM project registered by the Tata Group, India’s largest private sector energy utility.

The well-known CDM mechanism aims at reducing the developing nations’ annual CO2 emissions while supporting their efforts on a sustainable development path in the energy sector, so that they can attract investments in clean energy technology.
Following the approval by the UNFCCC, Tata Power’s Khandke wind farm will earn 85,000 credits annually, in terms of certified emission reductions. Currently, each credit is worth around 12 euros.

Tata Power is decidedly adopting a policy aiming at widening its activities in the clean energy sector. Its wind power capacity already amounts to 200 MW and, according to its development plans, it is poised to grow by 150 to 200 MW per year.

(July 2010)