UY UTE 10MW Grid Connected Wind Power Farm at Caracoles Hill

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The objective of the National Administration of Electricity Generation and Transport (UTE) 10 MW Grid Connected Wind Power Farm at Caracoles Hill Project for Uruguay is to purchase 48,000 tons of Carbon Dioxide Equivalents (CO2e) in the period 2010-2013. Project components include: the Uruguay Wind Farm Project is a small scale stand-alone carbon finance investment and therefore comprises a single component: the purchase of emission reductions from the displacement of thermal generation capacity on the Uruguayan grid by renewable energy from wind power generation. There is no International Bank for Reconstruction and Development (IBRD) lending involved in this project. The Spanish Carbon Fund (SCF), administered by the IBRD as trustee, will purchase Emissions Reduction (ER) from the project and will make annual payments, according to the Emissions Reduction Purchase Agreement (ERPA), upon verification of the generated ERs by an independent entity (Designated Operational Entity, or DOE).