Opening China markets for Sarlin
GreenStream has opened China markets to many Finnish small and medium sized companies. One of the main technology partners at the moment is Sarlin.
GreenStream’s Chinese wind power project pipeline grows fast; hydro projects contracted by GreenStream’s carbon funds the first ones to be CDM-registered for Finnish private firm.
GreenStream has entered agreements on capitalising on the carbon credits from Chinese wind power projects with a total capacity of 220 MW. For comparison, the installed wind power capacity in Finland was 197 MW at the end of 2010. GreenStream’s growing project pipeline is based on proven carbon expertise and the performance of the company’s Beijing based team.
In addition, two projects contracted for GreenStream’s carbon funds have been approved under the Clean Development Mechanism (CDM) by the CDM Executive Board in March. The Ma’er projet in Yunnan province and the Pingfeng project in Fujian province are the first hydro power projects to be CDM-registered with a Finnish privately held company as sole authorised participant. The Certified Emission Reductions (CERs) from these projects can be utilised by GreenStream’s fund investors to enable cost-effective compliance under the EU Emissions Trading Scheme.
Jussi Nykänen, the CEO of GreenStream explains: “Our success in China is a consequence of our determined action to become one of the main actors in the Chinese carbon markets. We have approximately 35 contracted projects in China and the number is growing fast. Carbon know-how clearly is a scarce commodity even in China, the world’s most competed market place.”
Executive Vice President Harri Roto, who is responsible for GreenStream’s carbon funds and activities in China, says: “Our joint venture in China with Juno Capital Group and their contact network has helped us build up an excellent project pipeline and has made progressing projects in the CDM project cycle more efficient. We have contracted CERs from projects within energy efficiency, renewable energy such as wind, hydro, biomass and biogas as well as waste management. We would like to see more Finnish cleantech companies involved in these projects. The opportunities for Finnish companies in China are truly substantial and co-operation would be beneficial for all.”
Date posted:
14/04/2011
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