Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

RWE to Buy Carbon Credits at Discount From India Solar Project

RWE AG, Germany’s second-largest utility, agreed to buy 227,460 United Nations emission credits at about 20 percent below market prices from a solar water heating project in India.

The emission reductions will be generated by having 15,000 households, hotels and other users of electric water heaters switch to solar water heating, Ashok Singha, chief executive officer of CTRAN Consulting, an environmental advisory company that managed the project, said by telephone.

The project is expected to earn 22,746 credits annually over 10 years from the UN-led Clean Development Mechanism, he said from Bhubaneswar. “First issuance will be next year,” Singha said today. The credits have been sold to RWE Power Aktiengesellschaft in a forward purchase agreement, he said.

RWE will buy the credits at about a 20 percent discount to the market price at the time, Singha said. Spot UN Certified Emission Reductions rose 1.2 percent to 12.18 euros ($16.46) a metric ton after finishing yesterday at a three-month low on the BlueNext exchange in Paris.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.