Business
New VER Projects in China
New VER Projects in China.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n Camco International Ltd\n17 October 2007\n\nCamco International Limited\n\n Camco announces new Voluntary Emission Reduction Projects in China\n\n\nCamco International Limited (Camco) is a leading carbon asset developer with one\nof the world's largest carbon credit portfolios. The company works closely with\nindustrial companies to identify and develop projects that reduce greenhouse gas\nemissions and then arranges for the sale and delivery of carbon credits to\nbuyers in compliance and voluntary markets.\n\n\nCamco is delighted to announce that it has signed a contract with Honiton Energy\nHoldings plc to act as its exclusive carbon development partner through to the\nend of 2009. The projects under development by Honiton in China are expected to\ngenerate up to 3.3 million tonnes of voluntary emission reductions over their\nfirst crediting period. The greenhouse gas abatement associated with these\nprojects has been taken into account by Honiton from an early stage. Camco will\nnow assist Honiton to qualify the emissions reductions generated by the projects\naccording to the highest-level international standard applicable, thereby\ncreating maximum value from the carbon opportunity.\n\n\nHoniton Energy is China's fastest-growing foreign renewable energy provider.\nHoniton currently owns the rights to develop five extensive project sites in\nChina's Inner Mongolia region. With the potential to produce up to several\nhundred megawatts of power each, the sites could power millions of homes.\nHoniton is planning to construct 150MW of wind turbine capacity by the end of\n2008 with the first turbines becoming operational this year. Clean energy on\nthis scale will prevent several million tonnes of carbon dioxide from being\nreleased into the atmosphere.\n\n\nJeff Kenna CEO, Camco said: 'Inner Mongolia accounts for 40% of China's wind\nresources. We are very pleased to be supporting Honiton to develop this low\ncarbon resource which has such a great potential'.\n\n\nPaul Eveleigh, CEO and Founder of Honiton Energy commented: 'The innovative\napproach and expertise provided by Camco is in line with our own ideals of being\na world-class organisation, I am very pleased that they have been able to use\nthis expertise to provide us with a way of monetising the contribution we are\nmaking to the environment'.\n\n\n\nContact details\n...