+
EKI Registers Azerbaijan's First Solar Project
POWER & RENEWABLE ENERGY

EKI Registers Azerbaijan's First Solar Project

EKI Energy Services Limited (EKI) has successfully registered Azerbaijan's first voluntary carbon market (VCM) solar project, marking a significant milestone in the country's green energy transition. The project, registered ahead of COP29, is set to boost Azerbaijan’s efforts in achieving its climate targets by reducing carbon emissions through solar power generation.

This initiative comes as part of EKI's broader strategy to support emerging markets in the development of renewable energy projects while integrating them into the global carbon market. By tapping into the voluntary carbon market, this solar project will allow the generation of carbon credits, which can be traded to offset emissions, providing a financial incentive for cleaner energy development.

The registration of this project is particularly significant as it signals Azerbaijan's commitment to reducing its carbon footprint and advancing its renewable energy goals, aligning with global sustainability frameworks. The development of the solar project is expected to contribute significantly to Azerbaijan’s renewable energy capacity, enhancing energy security while supporting decarbonization efforts.

EKI’s achievement underscores the growing role of carbon markets in driving investments in renewable energy and climate action. With COP29 on the horizon, the project also places Azerbaijan in the spotlight, showing its proactive stance in addressing climate change.

EKI Energy Services Limited (EKI) has successfully registered Azerbaijan's first voluntary carbon market (VCM) solar project, marking a significant milestone in the country's green energy transition. The project, registered ahead of COP29, is set to boost Azerbaijan’s efforts in achieving its climate targets by reducing carbon emissions through solar power generation. This initiative comes as part of EKI's broader strategy to support emerging markets in the development of renewable energy projects while integrating them into the global carbon market. By tapping into the voluntary carbon market, this solar project will allow the generation of carbon credits, which can be traded to offset emissions, providing a financial incentive for cleaner energy development. The registration of this project is particularly significant as it signals Azerbaijan's commitment to reducing its carbon footprint and advancing its renewable energy goals, aligning with global sustainability frameworks. The development of the solar project is expected to contribute significantly to Azerbaijan’s renewable energy capacity, enhancing energy security while supporting decarbonization efforts. EKI’s achievement underscores the growing role of carbon markets in driving investments in renewable energy and climate action. With COP29 on the horizon, the project also places Azerbaijan in the spotlight, showing its proactive stance in addressing climate change.

Next Story
Infrastructure Urban

Revolt Motors Unveils ‘Azadi From Petrol’ Offer

To mark India’s 78th Independence Day, Revolt Motors, the country’s leading electric motorcycle brand, has introduced its special “Azadi From Petrol” offer, encouraging riders to break free from rising fuel costs and embrace smarter, sustainable mobility.Under this limited-period scheme, customers purchasing any Revolt electric motorcycle can enjoy benefits worth up to Rs 20 million. The package includes zero insurance fees, providing free coverage valued at up to Rs 7 million, along with cash savings of up to Rs 13 million.The initiative highlights Revolt’s mission to make electric ..

Next Story
Infrastructure Energy

Inox Green Signs 182 MW Wind O&M Deal

Inox Green Energy Services Ltd., one of India’s leading renewable energy operations and maintenance (O&M) providers, has signed an agreement with a major diversified Indian conglomerate for the comprehensive O&M of 182 MW of operational wind projects under its renewable energy division.Located across multiple sites in Western India, these projects are integrated with common infrastructure owned by Inox Green. The deal includes converting 82 MW of wind projects from limited-scope to comprehensive O&M, as well as renewing comprehensive O&M for another 100 MW well ahead of sched..

Next Story
Infrastructure Urban

MPL Q1 Profit Rises to Rs 144 Million

Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer and part of AM International, Singapore, has reported its unaudited consolidated financial results for the quarter ended 30 June 2025.The company posted a consolidated total income of Rs 2.43 billion for the quarter, up from Rs 2.38 billion in the preceding quarter ended 31 March 2025. Profit Before Tax (PBT) stood at Rs 200 million, compared to Rs 159 million in the previous quarter, while Profit After Tax (PAT) rose to Rs 144 million from Rs 108 million. For the full year ended 31 March 2025, MPL recorded a total incom..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?