{"id":3403,"date":"2008-10-21T09:01:45","date_gmt":"2008-10-21T01:01:45","guid":{"rendered":"http:\/\/www.chinacsr.com\/en\/?p=3403"},"modified":"2008-10-21T09:01:45","modified_gmt":"2008-10-21T01:01:45","slug":"nefco-carbon-fund-invests-in-clean-energy-in-china","status":"publish","type":"post","link":"https:\/\/www.chinacsr.com\/en\/2008\/10\/21\/3403-nefco-carbon-fund-invests-in-clean-energy-in-china\/","title":{"rendered":"NEFCO Carbon Fund Invests In Clean Energy In China"},"content":{"rendered":"<p>The Nordic Environment Finance Corporation announced that its Carbon Fund has signed Agreements to procure emission reductions from a wind energy project in Jiangsu province, and a small hydro-electric project in southwest China. The projects will be implemented under the Kyoto Protocol's Clean Development Mechanism. These are NEFCO's first projects in China.<!--more--><\/p>\n<p>The first CDM project is developed by the Chinese renewable energy company, the Yangtze New Energy Development Co. and will consist of installation of 134 wind turbines, each with a capacity of 1.5 MW. Under the transaction, the NeCF is expected to purchase about 1.4 million certified emission reductions. The renewable energy produced will displace a mix of fossil fuel-fired power generation from the East China grid.<\/p>\n<p>The second transaction is a small hydro-electric project located in south west China, which is expected to generate around 250,000 CERs.<\/p>\n<p>\"These inaugural investments are an important milestone for the NEFCO Carbon Fund, coming only a few months after its founding. Moreover, by investing in wind power and small hydro, this emphasizes our commitment to the promotion of high-quality, clean energy projects within our portfolio,\" said NeCF Fund Manager Ash Sharma. NeCF is evaluating a number of deals in the area of renewable energy and energy efficiency in China, India and south east Asia.<\/p>\n<p>China is now the world's fastest growing wind energy market, with an average annual growth rate of 56% in the past seven years. China has now reached the fifth place for installed wind energy capacity, with over 6 GW at the end of 2007. The Chinese Renewable Energy Industry Association forecasts a capacity of around 50 GW by 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nordic Environment Finance Corporation announced that its Carbon Fund has signed Agreements to procure emission reductions from a wind energy project in Jiangsu province, and a small hydro-electric project in southwest China. The projects will be implemented under the Kyoto Protocol's Clean Development Mechanism. These are NEFCO's first projects in China.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[2898,1798,677,44,2899,2900,2897,286,2896,2895,1086],"class_list":["post-3403","post","type-post","status-publish","format-standard","hentry","category-energy-cleantech","tag-carbon-fund","tag-cer","tag-co2","tag-emission","tag-exchange-credits","tag-fossil-fuel","tag-hydro-electricity","tag-jiangsu","tag-necf","tag-nefco","tag-wind-power"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NEFCO Carbon Fund Invests In Clean Energy In China - ChinaCSR.com - Corporate Social Responsibility (CSR), Business Intelligence, and Sustainability News for China<\/title>\n<meta name=\"description\" content=\"The Nordic Environment Finance Corporation announced that its Carbon Fund has signed Agreements to procure emission reductions from a wind energy project\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.chinacsr.com\/en\/2008\/10\/21\/3403-nefco-carbon-fund-invests-in-clean-energy-in-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEFCO Carbon Fund Invests In Clean Energy In China - 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