VM0002 New Cogeneration Facilities Supplying Less Carbon Intensive Electricity to Grid and/or Hot Water to One or More Grid Customers, v1.0

This methodology quantifies the emission reductions achieved by constructing a new gas-fired co-generation plant that provides electricity to the grid and generates steam/hot water.  Emission reductions result from the displacement of electricity supplying the grid, which would have been produced from more carbon intensive sources. The steam/ hot water that is generated by the project would either have been produced for export to a steam/hot water grid or have been drawn from a steam/hot water grid. Emission reductions are achieved by the displacement of steam/hot water, which in the absence of the project activity, would have been produced in a more carbon intensive manner.

This methodology is applicable to projects which construct and operate a new gas-fired co-generation facility where co-generation of electricity and steam and/or hot water was not present in the baseline scenario.