China sells more carbon credits from wind power to Austria

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Austria's Kommunalkredit Public Consulting (KPC) is to buy another 3.8 million carbon credits from China Longyuan Electric Power Group under a deal agreed in November. The credits, each equivalent to one tonne of carbon dioxide emissions saved, will be generated from eight of Longyuan's wind farms, which have a combined capacity of 386 MW. KPC is an official Clean Development Mechanism executive body in Austria and the credits will be used to help the Austrian government meet its Kyoto Protocol emission reduction obligations. This latest deal with Longyuan brings the total credits KPC has secured from the Chinese firm to 7.5 million from 14 projects. Longyuan is China's biggest wind developer, with 1000 MW operating by September. That total was expected to rise to 1600 MW by the end of 2007. The company is a subsidiary of China Guodian Corporation, one of the big five Chinese state power companies. Last month Guodian said it plans to develop six 1000 MW wind power bases in North China and the east coastal regions by 2010. That 6000 MW plan would account for about 40% of the nation's total wind capacity, it said.

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