Project Submission No. | S00502 |
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Project Title | Sol do Sertão Renewable Energy Project |
Project Owner(s) (as per PSF & LOA) | Infraestrutura Brasil Holding I S.A / Future Carbon Holding S.A |
Submission Date | 2022-07-01 |
Global Stakeholder Consultation Period |
2022-10-11 to 2022-10-25 |
Registration Date | 2024-01-30 |
Sector | 1.Energy industries (renewable-/non-renewable sources) |
Project Type | Solar Power |
GCC/CDM Methodology & Version | ACM0002 – Grid-connected electricity generation from renewable sources V21.0 |
Forecasted GHG Emission Reduction (tCO2e/Year) | 344,958 |
Verified GHG Emission Reduction (tCO2e/Year) | 344,958 |
Forecasted E+ Label | Yes |
Verified E+ Label | Yes |
Forecasted S+ Label | Yes |
Verified S+ Label | Yes |
Forecasted SDG+ Goals | |
Verified SDG+ Goals | |
Forecasted SDG+ Label | Platinum |
Verified SDG+ Label | Platinum |
Forecasted Market Eligibility | C+ - Pilot Phase |
Verified Market Eligibility | C+ - Pilot Phase |
Location Details
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Country |
Brazil
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Focal Point of Project Owners
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Future Carbon Holding S.A. |
Email of Contact Person of FP (Primary) | energy@futurecarbon.com.br |
Email of Contact Person of FP (Secondary) | energy@futurecarbon.com.br |
Name of Authorized External Representative Organization | Future Carbon Holding S.A |
Name of Focal Point of External Representative | Rafael Ribeiro Borgheresi |
Email-id of External representative | energy@futurecarbon.com.br |
Project Verifier | Earthood Services Private Limited |
Documents for Global Stakeholder Consultation | Project Submision
Calculation Sheet Other Documents |
Request For Registration Documents | Verified Project Submision
Verified Calculation Sheet Other Verified Documents |
Request for Registration Form | Registration Form |
Project Brief | The Sol do Sertão Renewable Energy Project consists in the implementation and operation of a new solar photovoltaic electricity generation complex, divided in eight facilities. All facilities areas are in the rural area of Oliveira dos Brejinhos municipality, in the State of Bahia, northeast of Brazil. The project location is around 35 km from the center of the city of Oliveira dos Brejinhos, which the main access is by using BR-242 Highway. The project activity will deliver approximately 1,088,502 MWh/year of renewable electricity to the National Interconnected System (Sistema Interligado Nacional - SIN). In the baseline scenario, electricity delivered to the grid by the project activity would have been generated by the operation of grid-connected power plants and by the addition of new generation sources, as reflected in the combined margin (CM) calculations. Hence, the project activity will promote GHG emissions reductions by displacing fossil fuel-based electricity generation that would otherwise occur. |
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Report (Public) | Verification Report (public) |
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Verification report date | 2024-01-29 |
First Request for Registration Date | 2023-05-14 |
Opinion | ESPL is contracted by Infraestrutura Brasil Holding I S.A. for project verification of the project activity “Sol do Sertão Renewable Energy Project” in Brazil. The verification was performed based on rules and requirements defined by GCC for the project activity. The project activity is a Solar power project, which results in reductions of CO2e emissions that are real, measurable and give long-term benefits to the mitigation of climate change. It is demonstrated that the project is not a likely baseline scenario and the emission reductions attributable to the project are, hence, additional to any that would occur in the absence of the project activity. The project correctly applies the Approved CDM Baseline and Monitoring ACM0002 version 21.0 including applicable CDM Tools and is assessed against latest valid PS, VS and Environment and Social Safeguards Standard/03/, Project-Sustainability-Standard/04 and/or other applicable GCC/CDM Decisions / Tools / Guidance / Forms / clarifications. The project activity is likely to achieve the anticipated emission reductions stated in the PSF provided the underlying assumptions do not change. The expected emission reductions (annual average) from the project activity are estimated to be 344,958 tCO2e/year over the 10 years crediting period starting from 21/08/2021. ESPL has informed the project owners of the verification outcome through the draft verification report and final verification report. The final verification report contains the information with regard to fulfilment of the requirements for verification, as appropriate. ESPL applied the following verification process and methodology using a competent verification team;
Earthood Services Private Limited (ESPL) has verified and hereby certifies that the GCC project activity “Sol do Sertão Renewable Energy Project” a. has correctly described the Project Activity in the Project Submission Form (version 05 dated: 25/04/2023) including the applicability of the approved methodology ACM0002 Version 21.0 and meets the methodology applicability conditions, is additional and is expected to achieve the forecasted real and additional GHG emission reductions, complies with the monitoring methodology, has appropriately conducted local and global stakeholder consultation processes and has calculated emission reduction estimates correctly and conservatively;
b. is likely to generate GHG emission reductions amounting to the estimated 344,958 tCO2e per year as indicated in the PSF, which are additional to the reductions that are likely to occur in absence of the Project Activity and complies with all applicable GCC rules, including ISO 14064-2 and ISO 14064-3, and therefore requests the GCC Program to register the Project Activity;
c. is not likely to cause any net-harm to the environment and/or society and complies with the Environmental and Social Safeguards Standard. the project level impacts are identified in the PSF for the Environmental and Social Safeguarding with E+ score as +8 and S+ score as +8. Adequate monitoring system is defined and is in-place to monitor these impacts throughout the crediting period. and therefore, requests the GCC Program to register the Project Activity, which is likely to achieve the requirements of the Environmental No-net-harm Label (E+) and the Social No-net-harm Label (S+); and
d. is likely to contribute to the achievement of United Nations Sustainable Development Goals (SDGs), comply with the Project Sustainable Standard/04/, and contribute to achieving a total of 5 SDGs, which is likely to achieve the Platinum SDG certification label (SDG+). The project level SDG indicators are defined for each SDG contribution and there is a system in-place to monitor and verify the contribution throughout the crediting period. e. The Project Activity complies with all the applicable requirement of the GCC Program and ICAO’s requirements on CORSIA Emissions Unit Eligibility Criteria and CORSIA Eligible Emissions Units, as per Clarification No 1., v1.3 paragraph 23-25, and the ACCs expected to be issued during the crediting period is likely to be CORSIA eligible and can be used by International Airlines for offsetting their emissions during all phases of CORSIA and therefore requests GCC Steering Committee to append CORSIA Certification label (C+) to this project. The written attestation from the Host country on double counting shall be submitted by the project owner at ACcs issuance stage (A FAR remains open regarding the same.) |