PetroChina’s Tarim Oilfield announced on December 19 that it had applied for over 1 million Green Certificates this year, with 308,440 successfully listed for sale.
From CCTV.com
PetroChina’s Tarim Oilfield announced on December 19 that it had applied for over 1 million Green Certificates this year, with 308,440 successfully listed for sale. This milestone highlights significant progress in green electricity production and trading, underscoring the company’s accelerated transition toward renewable energy.
Green Certificates, formally known as Renewable Energy Green Power Certificates, are the sole official proof of renewable electricity production and consumption in China. Each certificate represents 1,000 kilowatt-hours (kWh) of renewable energy, verifying that this amount of green power has been delivered to or consumed from the public grid.
In recent years, Tarim Oilfield has advanced the construction of large-scale renewable energy projects in desert and arid regions. Photovoltaic (PV) power plants with a total installed capacity of 1.3 million kilowatts have been completed and commissioned in several locations across Xinjiang, including Yuli, Qiemo, Yecheng, and Jiashi counties. These efforts are part of an integrated strategy aligning traditional oil and gas operations with renewable energy development.Currently, Tarim Oilfield is scaling up its renewable energy ambitions, with plans for a 10-gigawatt clean energy base surrounding the Tarim Basin. To date, centralized PV facilities have generated a cumulative 1.36 billion kWh of electricity, equivalent to saving 407,000 tons of standard coal and reducing carbon dioxide emissions by 1.059 million tons.
Beyond energy production, Tarim Oilfield is pioneering innovative solutions that combine renewable energy and environmental restoration. In Yuli County, the company has launched agro-PV demonstration zones, promoting a "power generation above, vegetation growth below" model. This approach integrates photovoltaic power generation with desert control efforts, offering a sustainable pathway to balance energy development and ecological preservation.