EKI Energy Registers Azerbaijan's 230 MW Solar Energy Project for Voluntary Carbon Markets

Wedoany.com Report-Nov 9, EKI Energy Services Limited (EKI) has registered Azerbaijan’s inaugural voluntary carbon market project using renewable solar energy, marking a significant development in the region’s shift toward sustainable energy sources.

The solar project, located across Baku and Absheron districts, has an installed capacity of 230 MW (AC). By exporting clean energy to Azerbaijan’s national grid without the use of fossil fuels, it is expected to reduce around 274,074 tons of carbon emissions annually. The crediting period is January 1, 2024 – January 1, 2029.

The large-scale solar initiative, known as “Project Area 60,” marks Azerbaijan’s debut in the voluntary carbon market. It is also the first-ever large scale solar project overall in the country.

Registered under the Gold Standard for the Global Goals framework, the project also supports Sustainable Development Goals related to clean energy, economic growth, and climate action.

In alignment with the United Nations Sustainable Development Goals (SDGs), this project will support SDG 7 (Affordable and Clean Energy), SDG 8 (Decent Work and Economic Growth), and SDG 13 (Climate Action).

Manish Dabkara, chairman and managing director, EKI Energy Services said, “The registration of Project Area 60 paves the way for further climate action and international cooperation, adding momentum to global climate objectives as COP29 begins. By establishing a renewable energy model that directly contributes to reducing greenhouse gas emissions, this initiative underscores the practical steps nations can take to align with the Paris Agreement’s goals.”

EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets.