Electricity - Overview
It is believed that almost half of all global greenhouse emissions come from the energy sector, which puts the industry in a unique position to benefit from greenhouse gas (GHG) reduction and the resulting carbon credits. It is no surprise then that There are over 65 projects being considered by the United Nations to improve the efficiency of supply side electricity generation through modernization and co-generation methods, not to mention almost 700 wind, hydroelectric and geothermal projects that are being considered for utility companies and private industry to provide part of their own power needs and in some cases inject some back into the grid. The average supply side efficiency project in the pipeline as of September, 2007 was projected to provide over 300,000 Certified Emissions Reductions (CER’s) per year, which would be worth $6M euros annually at today’s trading rate. (source: UNEP Risoe CDM/JI Pipeline Analysis and Database, September 2007). Over the life of the project, the incremental carbon revenue for such projects can be very substantial and far overshadow the investment costs, e.g.
- 35 million Euros in carbon credit revenue can be brought to projects to switch 100 mw from bunker oil to natural gas.
- 260 million Euros to switch 700 mw of natural gas fueled generation from open cycle to combined cycle.
- 15 million Euros to replace 120 mw of gas-fired generators with 25% more efficient units.
As one of the pioneers in the production and sale of greenhouse gas (GHG ) reduction offsets, TurboGreen is ready to partner with your organization to assess the viability of your existing assets to capitalize on the opportunities available through the United Nations Clean Development Mechanism (CDM). By engaging our worldwide team of project and technical experts, and those of our premier channel partners, TurboGreen can offer you turn-key carbon revenue development projects. We are experienced in every aspect of the process, from project definition and financing, to project management, third party auditing and monetization of approved credits once issued.