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: COP29
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…
UAE clean energy company Masdar and China’s Silk Road Fund (SRF) have signed a Memorandum of Understanding (MoU) to explore co-investment opportunities in renewable energy projects…
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…
Australia has announced a $125 million investment to support Pacific nations’ clean energy transition and improve energy security, in a bid to enhance the region’s resilience…
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…
Masdar, the UAE-based renewables developer, has signed a joint study agreement with the Ministry of Energy of Uzbekistan to develop a 1-GW wind farm in the…
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…
