31 Mar 2011 07:00
31 March 2011
Camco and Huaneng signed largest renewable carbon development agreement for 20 wind projects
Camco is pleased to announce the signing of its largest renewable carbon development agreement between Huaneng Renewables Corporation Limited ("Huaneng Renewables") and Camco Carbon Credits Limited, a fully owned subsidiary of Camco International Limited, for 20 of Huaneng Renewables' wind power installations across China. Huaneng Renewables is the renewable subsidiary of Huaneng Group. The projects consist of 20 installations with a combined size of over 1000 MW of capacity. The projects are located in five provinces in China; Inner Mongolia Autonomous Region, Guizhou Province, Shandong Province, Yunnan Province and Liaoning Province and are designed to generate over 7.5m tonnes of emission reduction credits up to 2015.
Yariv Cohen, President, "We are proud to add Huaneng Renewable Energy to our growing customer base. China's investment in clean energy development is unrivalled and sets an example to the world. China's forward-looking plan creates a wealth of opportunities for project developers, like Camco, that translate policy and transform it to business action."
Enquiries:
Camco | +44 (0)20 7121 6100 |
Scott McGregor, Chief Executive Officer |
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Yariv Cohen, President |
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Peel Hunt (Camco Nominated Adviser and Broker) | |
Daniel Harris | +44 (0)20 7418 8900 |
Andrew Chapman | |
M:Communications (Camco Public Relations Advisor) | |
Charlotte Kirkham | +44 (0)20 7920 2331 |
Elly Williamson | +44 (0)20 7920 2339 |
Patrick d'Ancona | +44 (0)20 7920 2347 |
Notes to editors:
About Camco
Camco International Limited (Camco, AIM:CAO) is a global developer of emission reductions and clean energy projects with operations in the US, the UK, China, Africa, Russia and SEA.
Camco has a 20 year track record in project development, technical delivery and policy development, working with local industry, multinational companies, governments and regulatory bodies.
Camco's Clean Energy Project Development and Investment teams collaborate with industry, project developers, equipment providers and investor groups to create emissions-to-energy projects and maximise sustainable energy production across a range of industries; including agricultural methane, industrial energy efficiency, coal mine methane, municipal solid waste, biomass and landfill gas.
The Carbon Project Development business has created one of the largest emission reductions portfolios and has structured groundbreaking and innovative arrangements for the sale and delivery of emission reductions to compliance and voluntary buyers.
The Energy and Carbon Advisory teams provide strategic, commercial and technical expertise accrued over two decades to deliver low carbon energy and sustainable development solutions.
www.camcoglobal.com
About Huaneng Renewables
Huaneng Renewables is a leading pure-play renewable energy company, and is the Huaneng Groups` renewable energy platform, in the PRC with a primary focus on wind power generation. Huaneng Renewables is the third largest wind developer in China in terms of total wind installed capacity; and ranked the top in 2009 among the world's fifteen biggest players in wind power industry with respect to increased percentage in total installed capacity.
http://en.hnr.com.cn/