Silver Fox set an objective to become Carbon Neutral by the end of 2018, after calculating our output and looking at various options we decided to take part in an offsetting project in India that actively generates electricity using solar energy. The generated electricity is exported to the regional electricity grid system in India.
In addition to helping us achieve our Carbon Offsetting goals, the grouped project activity is a step towards supporting the implementation and installation of grid-connected renewable energy power plants in India.
The project ensures energy security, diversification of the grid generation mix and sustainable growth of the electricity generation sector in India, the main goal is to implement renewable energy projects in the country and the significant importance of revenues from the sale of Verified Carbon Units (VCUs) to achieve this goal forms the basis of the implementation. It seeks to enable investment in large and small grid-connected plants that export their generated output to the regional/national electricity grid in India. The implementation of these technologies currently faces various technological, institutional and financial barriers.
In addition to providing sustainable employment (reducing poverty), the project developer also provides improved health care, sanitation and educational support to the communities where the projects are based.