Masdar to create Georgia's biggest solar project

Jan 5, 2022 10:40 AM ET
  • Abu Dhabi-based renewables business Masdar has safeguarded an offer to develop a solar project in the nation of Georgia that will have a capacity of as much as 100MW.
Masdar to create Georgia's biggest solar project
Image: Masdar

Ready to be Georgia's biggest solar plant, the project will certainly be jointly developed by Masdar and also state-owned firm Georgian Energy Development Fund (GEDF).

Masdar said the project will be accomplished as part of a bigger structure agreement signed with the GEDF last year to create renewable resource projects in Georgia.

"We look forward to dealing with the Georgian Energy Development Fund as well as the federal government of Georgia on further renewable resource possibilities and will take advantage of our experience to support the country's financial development," claimed Masdar chief executive officer Mohamed Jameel Al Ramahi.

Georgia, which mainly relies on hydropower for electrical energy generation, is currently aiming to improve its energy protection and also expand its energy mix, according to Masdar.

In adjoining Armenia, Masdar lately signed a contract with the government to create a 200MW solar plant that will certainly be the country's biggest PV project to date.

That deal complied with a host of brand-new solar project development statements from Masdar last year in markets including Iraq, Uzbekistan and also Ethiopia.

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