Google- NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has initiated a tender process and forward auction for the sale of 100,000 carbon credits (Verified Emission Reductions or VERs) from its wind and solar projects registered under the Verified Carbon Standard (VCS) Program.
- The tender is open to credible domestic companies operating under Indian law, allowing them to purchase these carbon credits at a price determined through competitive bidding.
- The tender focuses on selling VERs from a VCS-registered project with a capacity of 610 MW, offering a significant opportunity to observe the market’s valuation of these credits.
- Special conditions include a lump sum price offer for 100,000 carbon credits, excluding the issuance fee payable to the VERRA/VCS Board and any other charges, with all applicable taxes borne by the bidder.
- The bid submission deadline is September 6, 2024, with a tender fee of ₹900. This tender represents one of the largest offerings of carbon credits in 2024, highlighting the growing importance of carbon trading in India as the country moves towards establishing a trading platform by 2025.\
Source:SaurEnergy