EKI Energy Services registers 24.7 MW floating solar project in the voluntary carbon market

The 24.7 MW floating solar project, developed by Greenam Energy for captive usage, is also said to be the first of its kind to be registered under the verified carbon standard (VCS) globally.

October 29, 2024 Uma Gupta

Image: DVC

EKI Energy Services Ltd, a carbon credit developer and supplier, has announced the registration of the first-ever floating solar project under the voluntary carbon market (VCM). The project, developed by Greenam Energy for captive usage, is also said to be the first of its kind to be registered under the verified carbon standard (VCS) globally.

Located on water reservoirs in Tamil Nadu, the 24.7 MW floating solar PV plant will generate clean power while mitigating 38,376 tonnes of CO2 emissions annually.

Voluntary carbon market enables organisations or individuals to purchase carbon credits in order to voluntarily offset their own carbon footprints. Here the key market participants include (i) project developers that design, develop and operate carbon projects and sell the resulting credits into the
market and (ii) companies or institutions looking to offset their own emissions by purchasing carbon credits, in addition to standard-setting bodies and brokers.

EKI offers strategic solutions to businesses and organizations globally to achieve their climate ambition. Its offerings span across carbon credit/asset management, carbon credit generation, carbon credit supply and offsetting, carbon footprint management, sustainability audits, as well as carbon neutrality and climate positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets

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