UPM is pleased about another two large CER issuances. On September 22 and 29, two of UPM’s CDM Wind projects in Pakistan, the Foundation Wind Energy-I Limited 50 MW Wind Farm Project (CDM 9268) and the Foundation Wind Energy-II (Private) Limited 50 MW Wind Farm Project (CDM 9314) have received their 2nd issuances with approx. 294,000 and 330,000 CERs respectively, covering the vintages 2016 to 2020. In total, 624,000 not Corsia eligible CERs are available to be used for voluntary carbon offsetting.

The two wind farms have received financial support by the Asian Development Bank (ADB), are owned by Fauji Foundation, one of Pakistan’s largest business conglomerates, and are both located in Sindh Province, 50 km southeast of the city of Karachi, on Kutti Kun New Island in Taluka, Mirpur Sakro District, Thatta.

These wind power projects, with a total capacity of 50 MW each and an annual power generation of around 144,000 MWh each, deliver the electricity generated from the project to National Transmission & Despatch Company Limited (NTDC) through its central power purchasing agency on behalf of Water and Power Development Authority (WAPDA) distribution companies.

This results in annual GHG emissions reductions of nearly 90,000 tCO2e each (SDG 13 – Climate Action). In addition, both projects verifiably contribute to achieving SDG 7 (Affordable and Clean Energy) and SDG 8 (Decent Work and Economic Growth) in Pakistan by delivering enormous amounts of green power and by creating attractive jobs during construction and operation of the wind parks.

In case of interest in our Foundation Wind CERs, your contacts at UPM are:

Martin Dilger, Managing Director, UPM Germany
mdilger(at)upm-cdm.eu, T: +49 89 1222197 – 50

and

Gaiai Guo, Vice General Manager, UPM China
guog(at)upm-cdm.eu, T: +86 10 6468 0500