Masdar, the United Arab Emirates’ government-owned energy company has signed an agreement with the Georgian Energy Development Fund (GEDF) to develop a 100 megawatts (MW) solar power plant in Georgia, the largest solar photovoltaic plant in the country.
The 100 MW project is being implemented as part of a wider framework agreement with GEDF for the development of renewable energy projects throughout the country.
The project would support the energy diversification and thereby the security of supply of Georgia while also increasing the share of renewable energy in the electricity generation mix. Diversifying energy resources, in this case, has great importance because the electricity sector in Georgia relies mainly on hydropower, which, despite being a sustainable way of energy production, has fluctuating reliability due to its seasonality.
“Georgia strongly follows its route and in accordance with the country’s strategy continues its utilisation of renewable energy sources,” commented George Chikovani, CEO of GEDF. “This agreement, which aims to develop a solar project with one of the world’s leading renewable energy companies, is a precondition for achieving the priority goals and targets of the state energy policy. Development of similar projects will strengthen the energy security of Georgia, contribute to the diversification of energy sources and increase the share of renewable energy in the power generation mix.”
In Spring 2021, Georgia updated its Nationally Determined Contributions (NDC), the set of non-binding national measures for fighting against climate change and that promote actions to achieve the global targets set out in the Paris Agreement. Thus, the country has committed to reducing its greenhouse gas (GHG) emissions no later than 2030 by 35 per cent below the level measured in 1990 and consequently to increasing the use of renewable energy resources. However, green energy sources should not be restrained only to hydro-energy, especially, because Georgia has excellent potential to gain its energy from other renewables, such as wind and solar energy. Georgia, with its 1900-2200 hours of annual sunshine, is said to be a suitable destination for solar power plants.
“This landmark agreement will support Georgia’s energy diversification efforts and will make a positive contribution to climate action,” added Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar. “As a global leader in renewable energy, with projects in almost 40 countries, we look forward to working with the Georgian Energy Development Fund and the Government of Georgia on further renewable energy opportunities and will leverage our experience to support the nation’s economic development.”
Masdar’s recent projects contain several photovoltaic projects, such as the Nur Navoi Solar project in Uzbekistan inaugurated in the summer of 2021, with a capacity of 100 MW, same as the Georgian one. In addition, at the same time, the company started a 145 MW floating solar project in Indonesia.