New Delhi (Staff Correspondent), November 08: 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. Ahead of COP29, this project establishes a pioneering effort in the Caucasus and Central Asia, aimed at reducing greenhouse gas emissions.
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, this initiative promises to reduce approximately 274,074 tons of carbon emissions annually. 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.
The project is seen as a key step in Azerbaijan’s journey toward green energy adoption and carbon footprint reduction, aligning with regional and global climate commitments. Apart from being the first ever registered renewable energy project of Azerbaijan under Voluntary Carbon Markets, it is also the first-ever large scale solar project overall in the country.
The large-scale solar initiative, known as “Project Area 60,” represents a pioneering renewable energy project in the region, marking Azerbaijan’s debut in the voluntary carbon market.
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).
Project Highlights:
● Location: Baku and Absheron districts, Azerbaijan
● Capacity: 230 MW (AC)
● Annual Estimated Emission Reductions: 274,074 credits
● Certification Standard: Gold Standard for the Global Goals
● Credit Period: January 1, 2024 – January 1, 2029
Mr. 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.”
said, “EKI has always been working towards taking sustainable development to places where it’s needed the most. This project once again proves to be the pioneer in green energy transition.”
As COP29 commences on November 11, this project approval adds momentum to global climate objectives, reinforcing the importance of cross-border collaboration and innovative financing to support countries in their low-carbon transitions.
