REE acquires carbon credits of Guatemalan geothermal project

Jul 2, 2013 - Spanish electricity grid operator Red Electrica de Espana (MCE:REE), or REE, has acquired Certified Emission Reduction units (CERs) generated by a Guatemalan geothermal facility in the department of Escuintla.

With the acquisition of the credits, REE aims to compensate the 14.71 tonnes of carbon dioxide (CO2) emissions issued during the organisation of its shareholders' meeting on April 18, 2013, the company said in a statement today.

REE has selected a Guatemalan geothermal project thanks to its important environmental and social advantages, the company added.

Besides improving the air quality, the Guatemalan project supports the employment in the Escuintla department and reduces the energy dependence of the country from meteorological factors or the price of fossil fuels, REE said.

The Spanish firm introduced the measurement of CO2 emissions issued during its shareholders' meeting this year, in line with its commitment to support the fight against climate change.

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