Banco Santander to buy carbon credits from Acciona's wind farm in Mexico

The Oaxaca wind farm complex, Mexico. Image by Acciona (www.acciona.com)

March 3 (Renewables Now) - Spanish renewable energy company Acciona SA (BME:ANA) has signed an agreement with Banco Santander SA (BME:SAN) to help the bank offset 145,000 tonnes of carbon dioxide (CO2) with green credits associated with a wind farm in Mexico.

Acciona said that it will transfer Certified Emissions Reduction certificates (CERs) from its 306-MW Oaxacas wind farm complex through the blockchain-based credit trading platform ClimateTrade.

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With this transaction, the Spanish bank will be able to offset around half of its overall CO2 emissions and meet its 2020 carbon neutrality target, Acciona said.

The Acciona-owned Oaxacas complex consists of three wind farms located in the Isthmus of Tehuantepec. Its wind turbines can produce enough electricity to power 700,000 Mexican homes, the group added.

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