The Project titled under UCR is “50 MW Wind Power Project by GFL”, which is wind power project located in Surendra Nagar and Rajkot district in the state of Gujarat (India). As per the ex-ante estimate, the project will generate approximately 1,05,120 MWh of electricity per annum. The estimated annual average CO2e emission reduction by the project activity is expected to be 94,608 tCO2e.
UCR enables the flow of environmental finance directly, to those who can least afford it- the small rural green project owner. UCR enables true carbon and water price discovery based on the utility of the underlying asset and assists in creation of non-fungible carbon and water offset tokens that can be seamlessly integrated into any smart contract or blockchain ecosystem seeking to negate its carbon or water footprint or showcase ESG credentials
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