Everything News Jobs Opportunities Events Products/Services
Go to Home
Sign Up Sign in

ecosur afrique

09 Nov 2012 01:11:15

Ecosur Afrique brokers 315 000 CERs between Suzlon-PadGreen and Standard Bank

Ecosur Afrique is pleased to announce the signing of a forward sale of 315,000 Certified Emission Reductions (CERs) over a 7 year period between Suzlon-PadGreen (consortium of PadCo and Suzlon) and Standard Bank, South Africa's largest bank. PadCo is a Mauritius based engineering and construction group and Suzlon the world's fifth largest wind turbine supplier and a leading wind farm developer.

Carbon credits to be sold under the forward agreement will be generated by a 29.4 MW wind farm to be established in Curepipe Point, southwest of the island, of Mauritius. The electricity produced will be exported to the national grid heavily relying on fossil fuels like coal and HFO. Power Purchase agreement has been signed with the state grid company CEB in August 2012, while commercial operations are due to start in Q3 2014.

The overall transaction has been structured and brokered by Ecosur Afrique, the leading CDM consultant and carbon broker in Africa. Fabrice Le Saché, CEO of Ecosur Afrique, explained that the underlying project will be integrated under Standard Bank Renewable Energy Program of Activities (PoA), also developed by Ecosur Afrique: “this transaction provides additional substance to Standard Bank PoA and extends the program to a new country: Mauritius. Suzlon-PadGreen CERs will benefit from the PoA to qualify into the European Union Emissions Trading Scheme after 31st December 2012."

Discussion Thread  


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

ecosur afrique Community

Linked Items From ecosur afrique

  1. CDM brokerage services Products & Services

    Beyond the CDM fulfillments, ecosur afrique implements independent and pragmatic sale strategies...

  2. CDM advisory services Products & Services

    Generating CERs and ultimately financial revenues requires a strong focus on the CDM technical...

Related Items From Everyone

  1. BELECTRIC Solar Ltd has an exciting new opportunity for a Finance Assistant based in its head...

  2. Jatropha Africa Organisations

    Jatropha Africa is a Biofuel feedstock company. Our commercial activities...

  3. Home makes big savings following installation of wood pellet stove for space heating

  4. Eco Toys Products & Services

    Shake them, wind them up, stand them in the sun, they will never run out of power.These...

  5. A consultation on European Union proposals to create mandatory CO2 targets for new cars has been...

    16 Jul 2008

Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback


We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.