The first project to be registered under Japan-Chile Joint Crediting Mechanism (JCM)
September 6, 2019
On August 30th, the third meeting of Japan-Chile Joint Crediting Mechanism (JCM) Joint Committee was held in Santiago, Chile, and it decided to register the first bilateral project between Japan and Chile.
- The registered project (“Installation of 1MW Solar PV Systems on University Rooftop”) aims to reduce CO2 emissions by introducing a 992kW rooftop solar system at 4 campuses of the Universidad Tecnica Federico Santa Maria, in Santiago, Chile.
- In the project, solar panels produced by Panasonic Corporation were installed, featuring the industry’s top class technology, with each panel having an output of 325W and a module efficiency of 19.7%. The installation of those panels will enable the university to consume the electricity generated in-house at the premise.
- The Chilean partner, MGM Innova Capital, will sell the surplus power to the grid under “the PMGD framework” (Spanish acronym for Small Means of Distributed Generation).
- The Government of Japan, in close collaboration with relevant partners including Chile, is committed to contributing to the world-wide emission reduction efforts by promoting the JCM through the utilization of excellent low-carbon technologies.