According to reports, Shares of Reliance Power’s 100-MW solar power project in Rajasthan received approval for carbon credits under United Nations Framework Convention on Climate Change.
“This is the world’s largest Concentrated Solar Power (CSP) project ever registered with the Clean Development Mechanism Executive Board (CDM – EB),” the company said in a statement.
CDM registration will allow the project to generate and sell Certified Emission Reductions (CERs) internationally. These CERs translates into direct revenues for Reliance Power.
Reliance Power has already got CDM registration for its super-critical technology based power projects.
“Along with the present registration, Reliance Power’s has the world’s largest CDM registered capacity of more than 12,000 MW with a potential to generate 60 million Carbon Credits in the next 10 years,” it said.
The CSP project in Rajasthan is the largest investment undertaken, by any private sector entity, in CSP technology, in India, the statement said.