EKI Registers Azerbaijan's First Solar Project

12 Nov 2024 CW Team

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.

Infrastructure Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..