Masdar partners on 100MW Georgian solar
- The developer has accepted jointly develop a PV project with the Georgian Energy Development Fund
Masdar has signed a contract with the Georgian Energy Development Fund to create an approximately 100MW solar PV project in the country.
This brand-new site will certainly be jointly created in between the two organisations as well as will certainly be Georgia's biggest solar energy plant.
Masdar stated that the development of the project is being accomplished as part of a bigger framework arrangement signed with the Georgian Energy Development Fund (GEDF) this year to develop renewable resource projects in the Eurasian country.
The agreement was signed by Masdar ceo Mohamed Jameel Al Ramahi and GEDF president Giorgi Chikovani throughout a ceremony yesterday (pictured) in the Leadership Pavilion at the Dubai Expo.
The UAE Minister of State for Foreign Trade Thani container Ahmed Al Zeyoudi and also the Georgian Minister of Economic Climate and also Sustainable Development Natela Turnava were likewise existing for the event.
Chikovani stated: "Georgia highly follows its path as well as based on the country's method proceeds its use of renewable energy resources.
" This arrangement, which aims to create a solar project with one of the world's leading renewable resource business, is a precondition for attaining the concern objectives as well as targets of the state energy policy.
" Development of similar projects will reinforce the energy protection of Georgia, add to diversification of energy resources and boost the share of renewable resource in the power generation mix."
Al Ramahi stated: "This site arrangement will certainly sustain Georgia's energy diversity efforts, as well as will make a favorable payment on climate activity.
" As an international leader in renewable resource, with projects in virtually 40 countries, we anticipate dealing with the Georgian Energy Development Fund and also the Government of Georgia on more renewable energy opportunities as well as will leverage our experience to sustain the country's economic development."
Georgia, which mostly depends on hydropower for electrical energy generation, is seeking to boost its energy safety and also diversify its energy mix, Masdar stated.