Multilateral Carbon Credit Fund signs first projects in Baltics MCCF to purchase carbon credits from wind farms in Estonia and Lithuania

In its first transaction in the Baltics, the EBRD-EIB Multilateral Carbon Credit Fund (MCCF) has agreed to buy carbon credits from a group of wind farms managed by OÜ Nelja Energia, a renewable energy company, wholly-owned by Fre-energy AS, a leading Estonian investor in renewable energy in Eastern Europe.

Under the purchase agreement, the MCCF will acquire carbon credits resulting from six OÜ Nelja Energia’s wind farms projects in Estonia and Lithuania, generated via the Joint Implementation (JI) mechanism under the Kyoto Protocol.

Read the press release HERE

 

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