GreenStream’s contracted wind power project capacity in China exceeds 1000 MW

Share this article

GreenStream, a Nordic leading developer and manager of carbon investment vehicles, has a strong and fast growing emission reduction and clean technology project portfolio in China. The total capacity of wind power projects in the pipeline has now exceeded 1000 MW, which is more than five times the installed wind energy production capacity of Finland.

As noted by Jussi Nykänen, Chairman of the Board and founder of GreenStream: “The CDM provides cost-effective ways to achieve the emission reduction targets set in the Kyoto Protocol, as the parties can use the earned Certified Emission Reductions (CERs) to reach the targeted amount of reductions. In addition to cost containment under compliance targets the Clean Development Mechanism has significant local co-benefits and is a potential channel to boost technology transfer from industrialized countries to developing countries. For European technology developers the CDM offers a financially attractive opportunity for transferring know-how and technology to the Chinese outgrowing markets. The decission-makers must work hard in COP17 in Durban to ensure the continuous use of CDM.”

GreenStream has profound expertise on carbon financing and capitalising the carbon credits from projects that reduce emissions. In collaboration with its Beijing based team the Company has fruitfully managed the carbon finance cycle of a vast number of projects under the Clean Development Mechanism (CDM) in China. GreenStream has also been involved in realizing a variety of emission reduction projects under the CDM or Joint Implementation (JI) in other parts of the world.

“Our goal has been to become one of the main actors in the Chinese carbon markets”, says Jussi Nykänen. The determined work has paid off very well as GreenStream is currently the carbon finance partner in about  60 projects in China (emissions reductions >50 Mt CO2eqv) and the pipeline consists of more than 100 projects. The combination of GreenStream´s decade of carbon experience and strong expertise in carbon financing with the effort and contact network of the joint venture with Juno Capital Group in China has lead to outstanding results and a balanced project portfolio of the highest quality.

Latest references

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.

Shangdong Guangjun Paper – annual energy savings up to 32 %

Annual savings:

Electricity saving: 1926.6 MWh
Water saving: 18495 m3
Steam saving: 2652 t
Standard coal: 1068 TCE
Emission reduction: 2766t CO2e

Energy Efficiency for Delong Steel

GreenStream’s project saved 15 % of the compressed air related electricity costs annually for Delong Steel’s Xingtai steel mill. The technology provider was Sarlin.