CERs issued from India continue to form a smaller portion of the worldwide CERs issued. Leading indicators show a slowing rate for future CER issuance.
However, some projects submitted over the quarter outline innovative consumer level efficiency projects. Their performance could open the door for leveraging CDM to increase mass adoption of low-carbon technologies.
Analysis
The four stages at which data has been captured form the continuum in the CDM process. The first two stages are leading indicators, and the last two provide information on credits that have been issued (or likely to be issued).
Leading Indicator 1: Submitted for Prior Consideration
Globally, a total of 372 projects were submitted for prior consideration of the CDM in the JAS quarter. Of these 136 were from India and a vast majority of these projects were sent in the months of July and August. While the trend line for the quarter is flat, September had only 3 projects submitted. It would appear that project developers are vary on account of lowered expectations from Copenhagen and the depressed CER prices. As of the latest CDM pipeline estimate the overall projected supply of CERs through 2012 is going to be 1212 MCERs.
Trend of CDM projects submitted from India for prior consideration:
36% of the projects in JAS from India:
Leading Indicator 2: Those Requesting Registration are Smaller Projects
Most of the projects requesting registration from India continue to be smaller energy projects. A representative sample from the last quarter are listed in the table below. As covered in one of our recent posts, the submission from D.Light represents a unique project that opens up the potential for grassroots level development towards low carbon. (Also see post on projects submitted by Banyan Environmental Innovations)
| |
Project |
| 1 |
10 MW Bhavani Barrage-2 Small Hydroelectric Project for a Grid connected system, Tamil Nadu, India |
| 2 |
1.5 MW Grid connected Wind Electricity Generation at Tirunelveli District, Tamilnadu, India by Kallam Agro Products and Oils Private Limited |
| 3 |
5 MW Chirchind Grid-Connected SHP in Himachal Pradesh, India |
| 4 |
31 MW Wind energy project in, India by Grace Infrastructure Pvt Ltd |
| 5 |
Flare Gas Recovery and Utilization of Recovered Flare Gas for process furnace and other heating applications |
| 6 |
N2O abatement in HP Nitric Acid plants at Rashtriya Chemicals & Fertilizers Limited, India |
| 7 |
D.light Rural Lighting Project |
| 8 |
24 MW Shamburi Mini Hydel Project, Karnataka, India |
| 9 |
Avoidance of GHG emissions in rigid Poly Urethane Foam (PUF) manufacturing by LIL |
| 10 |
Chhattisgarh Lighting Improvement Project (CLIP) in Rajnandgaon Circle, Chhattisgarh , India |
| 11 |
KL Rathi Steels 1.5 MW Wind Power Project at Kutch District, Gujarat |
| 12 |
15 MW Biomass Residue Based Power Project at Ghazipur, India |
| 13 |
Sonna mini hydel scheme in Karnataka State, India. |
| 14 |
Generation of electricity from 3.3 MW installed capacity wind mills by Mission Biofuels India Private Limited (MBIPL), in Sangli District, Maharashtra, India |
| 15 |
10 MW bundled Luni II & Luni II hydroelectric projects for a grid system at Sri Sai Krishna Hydro Energies Private Limited in Kangra District, Himachal Pradesh. |
| 16 |
100 MW Wind Power Project by RS India Wind Energy Pvt. Ltd. at Matrewadi & Varekrwadi, Satara district in Maharashtra |
| 17 |
15MW Grid connected renewable energy generation by RSMML |
| 18 |
Grid connected energy efficient power generation |
Projects Registered
A total of 103 CDM projects were registered last quarter with a potential of generating 10.3 million CERs annually. Of these 13 projects (12.6%) came from India with a potential of generating 347,500 CERs (3.4% of the amount issued globally). This continues to follow from the leading indicators where the projects from India tending to be smaller in size.
Count of projects registered withthe UNFCCC:
CERs expected from the projects resgistered in JAS quarter:
Projects registered from India in JAS 2009
| Reference |
Project |
Registered |
Reductions |
| 2648 |
Amine Circulation Pumps Energy Efficiency at Hazira works of ONGC |
23-Sep-09 |
4,043 |
| 1861 |
Sonna mini hydel scheme in Karnataka State, India. |
21-Sep-09 |
23,387 |
| 2613 |
15MW Grid connected renewable energy generation by RSMML |
12-Sep-09 |
24,632 |
| 2679 |
9 MW Wind Power Project in Tamil Nadu by ACC Limited |
3-Sep-09 |
23,121 |
| 2546 |
Title: 12 MW Grid connected Wind Power Project, Gujarat State, India. |
13-Aug-09 |
21,699 |
| 2279 |
Rural Education for Development Society (REDS) CDM Photovoltaic Lighting Project |
10-Aug-09 |
21,060 |
| 2562 |
Bundled Wind Power Project in Tirunelveli, Tamil Nadu |
10-Aug-09 |
34,415 |
| 2482 |
Sarbari-I small hydro project of DSL Hydrowatt Limited (DSLHL), Himachal Pradesh, India |
27-Jul-09 |
23,425 |
| 2474 |
25.6 MW grid connected Wind Power based electricity generation project in Karnataka, India. |
27-Jul-09 |
23,487 |
| 2502 |
Upgradation and expansion of A.P.M.C compost plant at Tikri, Delhi |
18-Jul-09 |
35,329 |
| 2476 |
Pune (India) OSRAM CFL distribution CDM Project |
17-Jul-09 |
30,044 |
| 2457 |
Yamunanagar & Sonipat (India) OSRAM CFL distribution CDM Project |
16-Jul-09 |
40,807 |
| 2505 |
Establishment of Compost Production Unit of 100 TPD at Lalganj |
4-Jul-09 |
42,050 |
CER Issuance
A total of 791,409 CERs (approx value of 9.5m Euros or US$ 13.7m based on the spot prices) were issued over the last quarter in India with the levels continuing to follow a cyclical pattern since the larger CDM projects come up for review only in Q1 and Q2. However, the average CER per project from India (23K CERs per project) continue to be lower as compared to the global average (98.7K CERs per proeject) for the JAS quarter. This compares to the India’s previous 18 month average of 43.2K CERs per project and the global figure of 71.5K CERs issued per project for the same period.
CER Issuance in JAS 2009:
