EKI Energy reports 9M FY2022 revenues of INR 1325 crore – pv magazine India

The strong business performance has been supported by higher demand and pricing of carbon credits driven by changing regulations for climate control, increasing awareness of GHG emissions reduction, carbon neutrality pledges and widening carbon credit demand-supply gap.

Robust business growth has been supported by higher demand and increasing carbon credits prices along with changing climate related regulations, increasing awareness of GHG emissions reduction and carbon neutrality pledges by corporates.

In line with this, we have been consistently launching strategic projects including a JV with a unit of oil major Royal Dutch Shell for Nature-based Solutions; apart from the incorporation of an associate for the backward integration of carbon credit supply.

We are certain that higher global carbon credit demand, new demand generation from CORSIA and cryptocurrencies, coupled with a positive outcome of the recently concluded COP26, are all together expected to widen the carbon credit demand-supply gap further enabling increased market opportunities.

The project aligns with multiple UN Sustainable Development Goals including – climate action, reduction in firewood consumption, forest and biodiversity conservation, good health & well being, employment creation, savings in health cost, enhancement of indoor air quality inside homes amongst others.

EKI Energy also joined hands with Shell Overseas Investments BV to launch a joint venture to work on reducing carbon emissions in India through Nature based solutions.

…Read the full story