The nation of Georgia is getting its biggest solar plant ever and it is coming in conjunction with Masdar.
Contract signed between the Georgian Energy Development Fund and Masdar will yield a solar farm that will output up to 100 MW.
Present to formalize the agreement at the Dubai Expo were the CEO of Masdar, Mohamed Jameel Al Ramahi, and GEDF CEO, Giorgi Chikovani. Also in attendance were UAE’s minister of state for foreign trade, Thani bin Ahmed Al Zeyoudi and the Georgian Minister of Economy and Sustainable Development, Natela Turnava.
The agreement is a by-product of a framework agreement the two parties had entered into earlier that contracts Masdar to execute a number of renewable energy projects in Georgia.
Commenting on the new contract, Chikovani said, “Georgia strongly follows its route and in accordance with the country’s strategy continues its utilization of renewable energy sources.
“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 diversification of energy sources and increase the share of renewable energy in the power generation mix.”
In his own remarks, Al Ramahi said: “This landmark agreement will support Georgia’s energy diversification efforts, and will make a positive contribution on climate action.
“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.”
Georgia is trying to reduce its reliance on hydropower to diversify its energy mix and enhance energy security.
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