Carbon Markets for Photovoltaic (PV) Systems

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Photovoltaic (PV), solar home systems (SHS) are an eligible technology for carbon finance projects. However, their greenhouse gas (GHG) savings (carbon credit) potential is small compared to overall PV system costs.

Selected PV Solar Home System (SHS) Carbon Finance Projects

Selected Pico PV and Solar Lantern Carbon Finance Projects (August 2010)

Pico PV (or micro PV systems), such as solar lanterns, are usually very small SHS with a module capacity of up to 10W and lamps or lanterns (often only one) with integrated batteries. Currently there are two CDM projects (both in India) registered under the UNFCCC . Four more (Malawi, Zambia, Tanzania and India) are either already registered or pending under the Gold Standard.

Clean Development Mechanism (CDM)

Voluntary Carbon Market (VCM) - Gold Standard

  • SolarAid Microsolar Solar Lantern Project for Malawi: VERs already issued. Replacement of 39,000 kerosene lamps through solar lamps with 1.8 W module and other renewable energy devices. Crediting period: 26 May 10 - 25 May 19. Focus on capacity development and partly local production. Total of approx VERs planned. Monitoring of the first project year showed 1.635 units sold (and in use).
  • SolarAid Microsolar Solar Lantern Project for Zambia: Verification pending. Crediting perdiod: 10 years. Project design same as Malawi Project. Total of approx. 25,000 VERs planned.
  • D.light Rural Lighting Project Tanzania: 3.640,000 lamps of different models to be sold. Estimated total amount of VERs(depending on lamp types sold) approx. 500,000 VERs. Crediting period: 10 years.
  • D.Light Rural Lighting Project India - PRE-CDM-VERs (of GS 600): PRE-CDM-VERs of above mentioned CDM project.

Studies and Research Papers

Further Information