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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.
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.