Guangdong Xinyi Qianpai Wind Power Project
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Host party(ies) China
Methodology(ies) ACM0002 ver. 12
Standardised Baselines N/A
Estimated annual reductions* 77,916
Start date of first crediting period. 01 Jun 12
Length of first crediting period. 7 years
DOE/AE TUEV-RHEIN
Period for comments 05 Nov 11 - 04 Dec 11
PP(s) for which DOE have a contractual obligation China Resources New Energy (Xinyi) Wind Power Co., Ltd.
The operational/applicant entity working on this project has decided to make the Project Design Document (PDD) publicly available directly on the UNFCCC CDM website.
PDD PDD (799 KB)
Local stakeholder consultation report: N/A
Impact assessment summary: N/A
Submission of comments to the DOE/AE Compilation of submitted inputs: 
Interim Rules on Economic Assessment of Electrical Engineering Retrofit Projects is not applicable to wind projects in benchmark IRR selection. Benchmark of pre-tax project IRR is 5% (Table 2.13-1) and post-tax equity IRR is 8% (Table 2.13-2) for wind projects as indicated in Economic Evaluation Methods and Parameters for Construction Projects (3rd Edition), jointly issued by NDRC and Ministry of Construction on July 3, 2006. This document is the compilation basis of financial analysis for wind projects, which is widely used in China (http://www.hydrocost.org.cn/costSoftware/windsoftware.jsp).
Moreover, investment cost on wind turbines is assumed with increase trend in PDD. The information in 2010 China Wind Power Outlook (http://www.greenpeace.org/eastasia/Global/eastasia/publications/reports/climate-energy/2010/2010-china-wind-power-outlook.pdf) gives a picture “prices began to fall again during the second half of 2008, and in 2009 they fell rapidly”. Prices kept dropping in 2010, source: China Wind Power Outlook 2011 (http://www.greenpeace.org/china/Global/china/publications/campaigns/climate-energy/2011/2011-wind-power-rpt.pdf).
Submitted by: fengdian

The comment period is over.
* Emission reductions in metric tonnes of CO2 equivalent per annum that are based on the estimates provided by the project participants in unvalidated PDDs