8. Solar Power Verra VCS Project -100xTonnes US$

SITUATION

Solar power projects have the potential that to save burning of millions of tonnes of fossil fuels each year, especially coal.

They produce renewable energy to power homes and industry, keeping greenhouse gasses out of the atmosphere. There is a growing demand for energy, and solar power can drive a low carbon future and boost local economic development.

SOLUTION

To replace thermal and fossil fuel-based energy, these projects install a solar power facility in areas that can harness sunshine effectively. They reduce the emissions of harmful greenhouse gases, instead exporting clean and renewable energy to the grid. Projects assist to reduce emissions in developing counties and help achieve progressive environmental and economic targets by increasing solar energy capacity.

IMPACT

Solar energy projects reduce a developing country’s reliance on carbon-intensive energy sources and boosts local economies by providing job and training opportunities. As well as these direct benefits, the project funds a number of additional initiatives for local communities: installing solar street lights, giving solar lamps to local families and upgrading facilities such as schools and health clinics to ensure 24×7 uninterrupted access to electricity.

OUTCOME

These projects makes a significant contribution to climate action globally by reducing the amount of greenhouse gas emissions in conventional electricity generation. They can boost local small economies, create steady jobs and stimulate renewable energy technology in developing countries.