CQC is delighted to announce that it has completed verification of the first project under its CDM Program of Activities to generate carbon credits for solar development in Chile.
CQC has a partnership with First Solar to create the first ever carbon credits from large scale solar displacing coal-fired power in Latin America. Independent carbon auditors have confirmed that the First Solar power plant has produced 245,000 tons of CO2 emissions reductions, to be issued as Certified Emissions reduction (CERs) under the United Nations Clean Development Mechanism (CDM).
CQC designed, funded and registered the CDM Program of Activities (PoA) that includes the Luz del Norte. Once registered, First Solar became the first partner of CQC under the PoA.
The Luz del Norte project is the largest photovoltaic (PV) solar power plant in Latin America occupying 478 hectares of land located 58 km northeast of Copiapó, Chile. The project diversifies Chile’s energy portfolio and created up to 370 jobs during peak construction and 10 ongoing operations and maintenance positions. The 141 megawatt (MW) alternating current (AC) project is powered by more than 1.7 million First Solar advanced thin film PV modules, producing enough solar energy to power 174,000 homes and displace the equivalent of more than 185,000 metric tons of CO2 emissions per year.