The Georgian government considers the development of renewable energy one of its priorities, plans that by 2030, about 20% of the generation in the country will be wind energy, about 5% – solar, the Georgian Ministry of Economy stated.
According to a press release, an agreement was signed in Tbilisi on Friday. Denmark will provide Georgia with a grant of 2 million euros to develop renewable energy and energy efficiency and hydroelectricity power stations.
As Danish Minister of Foreign Affairs Jeppe Kofod noted, Denmark will contribute to developing renewable energy in Georgia, including through the exchange of experience.
The volume of electricity consumption in Georgia in 2021 amounted to 13.7 billion kWh, generation – 12.6 billion kWh. HPPs generated 10.1 billion kWh, thermal power plants – 2.4 billion kWh, the only wind farm in the country “Kartli” – 83.4 million kWh.
As reported, the Caucasian Wind Company LLC purchased the Kartli wind farm with a capacity of 20.7 MW from the state at an auction for $14.4 million, pledging to repay a loan from the European Bank for Reconstruction and Development in the amount of $24 million used to finance the construction of this wind farm by state-owned JSC “Energy Development Fund of Georgia” and JSC “Georgian Oil and Gas Corporation” (GOGC).
The Caucasian Wind Company plans to build in parallel and put into operation in 2023 two more wind farms in the east of the country – in Tbilisi and Kaspi, the installed capacity of each of which is expected to be 54 MW. It is assumed that investments per 1 MW will amount to about $1.5 million.
It was also reported that the Georgian-Czech company Next Energy in September last year was recognized as the winner of the competition announced by the Georgian Energy Development Fund for the project to build the country’s first solar power plant with an installed capacity of 5 MW.
SES, the annual output of which is determined at 7.1 million kWh, is expected to be put into operation in 2022. The construction of the solar power plant is estimated at $3.5 million.