Published: 26 January 2006 26 January 2006
On 25 December 2005, Gamesa Energía registered with the United Nations (UN) the 200MW output wind farm it is developing in La Ventosa (Oaxaca, Mexico).
La Ventosa wind farm falls within the Clean Development Mechanism, which was established in the Kyoto Protocol for the award of CO2 credits through the installation of renewable projects in developing countries. The Designated National Authorities in Spain and Mexico respectively formerly approved their participation as receiver and issuer countries for the CO2 credits to be generated by the wind farm in Mexico. La Ventosa wind farm, referred to as ‘Bii Nee Stipa’ (wind that brings energy), is currently the largest of those registered with the UN, and its installation is scheduled to take place in several stages throughout 2006. The wind farm’s final registration with the UN means that the project will generate a significant level of emission rights on the markets. The income derived from the sale of the CO2 certificates awarded for the energy produced by the wind farm will help to enhance the project’s profitability, also providing an opportunity to offset excess CO2 emissions for those companies affected by high emission levels.