Balkrishna Industries Limited
Description
Balkrishna Industries Limited (BIL) has installed and operates a state electricity grid-connected wind farm in Jaisalmer District, Rajasthan, India. The wind farm consists of four Suzlon make Wind Turbine Generators (WTGs) of 1250 kW rated capacity each, for a total capacity of 5.0 MW. The wind project by BIL results in reduction of GHG emissions generated by the current energy mix in India’s NEWNE power grid, which is dominated by power generated from other conventional sources such as coal.
BIL operates a tyre manufacturing unit at Bhiwadi, Rajasthan. Prior to the project activity the power requirement of this facility was being met by power drawn from the state power grid. DG sets available at site are used to generate and supply power to critical sections of the manufacturing unit during times when there are problems with availability of power from the state grid. BIL has attempted to reduce GHG emission due to its activities by setting up a renewable energy project based on wind energy and wheeling the power generated there to partially replace the power received from the state power grid. Power generated by the WTGs in the project activity is provided to the RVPNL1/JVVNL2 under a 20 year Wheeling and Banking Agreement.
Project details
Affordable and clean energy
Ensure access to affordable, reliable, sustainable and modern energy for all
Decent work and economic growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Reduced inequalities
Reduce inequality within and among countries
Climate action
Take urgent action to combat climate change and its impacts
Certification
Registry Name Verra Registry | Registry Url | Validator PJRCES | Status Registered | Type Wind |
First verifier PJRCES | Credit start Mar 27, 2006 | Credit end Mar 26, 2016 | Validation documentation | Standards VCS |
Carbon offsetting is the process of funding projects that reduce or remove greenhouse gas emissions to compensate for one’s own emissions, in order to achieve a net zero carbon footprint.
Each ton of carbon absorbed from the atmosphere constitutes a carbon credit or carbon offset. To make sure these credits are legit, they have to be approved by independent groups like Verra or Gold Standard. These groups make sure the project is actually making a positive impact on the environment and wouldn’t have happened without the project.
This project type is Wind. This means initiatives that harness the power of wind to generate electricity. The generation of carbon credits in a wind energy project follows a the principle of avoided emissions. The project determines the amount of CO2 emissions that would have been released if the same amount of electricity were produced from fossil fuel sources instead of wind power. The difference between the actual emissions from fossil fuel sources and the emissions avoided by utilizing wind energy represents the carbon credits generated by the project. This type of project also needs to cover the additionality principle meaning that a solar energy project needs to show that without the project, the same amount of clean energy wouldn't have been produced, and fossil fuel sources would have been used instead. If a project lacks additionality or does not replace energy from fossil fuels, it may not generate carbon credits. However, it can still be marketed as Renewable Energy Certificates (RECs), which demonstrate the use of renewable energy sources and promote their adoption.
This project is an avoidance project. This means contributing to climate action by implementing activities that prevent the release of harmful emissions into the atmosphere.
The Verified Carbon Standard (VCS) Program is the world’s most widely used greenhouse gas (GHG) crediting program. Verra is a nonprofit organization that operates standards in environmental and social markets, including the world’s leading carbon crediting program, the Verified Carbon Standard (VCS) Program.
Carbon standard. This means a set of rules and criterias used to measure, report and verify the emissions reductions or removals from a specific project or activity. Carbon standards are essential in carbon markets, as they provide a transparent and consistent methodology for determining the number of carbon credits that can be issued to project developers.