Energy Transition in Action: Key Takeaways from JCM’s 2023 Initiatives

In 2023, advancing renewable energy projects, the Joint Crediting Mechanism (JCM) financed over 25 projects in 10 JCM partner countries.

Highlighting a BESS project to be added to a solar project in operation, with its impressive scale of 196MWh storage, stands as a testament contributing Chile’s commitment to resolving curtailment issues in the renewable energy sector and also managing to reduce 17,975 tCO2-eq./year.

Additionally in Chile, last year the '26.3MW Solar Power and 48MWh Storage Battery Project Utilizing Farmland in the Metropolitan Area and O’Higgins Region.' This project generates solar energy and integrates battery storage solutions to enhance grid stability and avoid curtailment. This combination will allow for an annual reduction of 20,197 tons of CO₂.

Another remarkable project last year included the first JCM Model Project in Tunisia a Solar Power Expansion with the implementation of two major solar projects in the Sidi Bouzid and Tozeur regions, each with a capacity of 50MW. These projects are set to collectively reduce CO₂ emissions by nearly 95,258 tons annually.

All 2023 projects combined are expected to reduce a total of 763,193 tons of CO₂ annually.