Countries attending the COP29 summit in Baku reached a landmark agreement on Sunday to channel $300 billion annually by 2035 to support poorer nations in coping…
Browsing: Azerbaijan
At COP29 in Baku, Azerbaijan, nations finalized rules for a global carbon credit trading system aimed at accelerating investments in projects that combat climate change. The…
Azerbaijan has successfully concluded its inaugural renewable energy auction, awarding a 100MW solar project in the Garadagh region to Universal International Holding. The auction, held during…
The Caucasus and Central Asia (CCA) region faces mounting pressure to accelerate its energy transition, as the COP29 climate summit in Azerbaijan highlights the region’s limited…
At COP29 in Baku, the European Bank for Reconstruction and Development (EBRD) announced a significant $160 million investment, alongside the Asian Development Bank (ADB) and the…
Azerbaijan and its Central Asian and Caucasus neighbors have significant opportunities to accelerate their energy transitions through regional collaboration, according to a new analysis from global…
Saudi renewables developer ACWA Power has finalized a USD 238 million debt financing deal for its 240-MW Absheron-Khizi wind project in Azerbaijan. Announced at the COP29…
Saudi Arabia’s ACWA Power, UAE’s Masdar, and Azerbaijan’s State Oil Company (SOCAR) have signed a Memorandum of Understanding (MoU) to explore the development of 3.5 GW…
The UK government has confirmed plans to introduce legislation aimed at restricting the future licensing of new coal mines, furthering the country’s transition away from coal…
Abu Dhabi Future Energy Company PJSC (Masdar) has signed a joint venture term sheet with Albania’s Korporata Elektroenergjitike Shqiptare (KESH) to explore developing large-scale renewable energy…
Global carbon dioxide emissions from fossil fuels are projected to reach an all-time high in 2024, according to a report presented at the COP29 climate summit…
Indonesia is set to propose renewable energy projects totaling 75 gigawatts (GW) for international investment over the next 15 years, a key initiative under President Prabowo…
