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Masdar signs agreement to develop Georgia’s largest solar power plant
- 2 years ago (2021-12-31)
- David Flin
Masdar has signed an agreement with the Georgian Energy Development Fund (GEDF) to develop a 100 MW solar PV power project in Georgia. Masdar will develop the project with GEDF and will result in Georgia’s largest solar power plant.
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The project is being carried out as part of a larger agreement signed in 2021 that aims to develop renewable energy projects in Georgia.
GEDF is a joint stock company, founded by Georgia’s Ministry of Economy and Sustainable Development , and is wholly state-owned. Georgia primarily relies on hydropower for electricity generation and the PV project being undertaken will help diversify its sources of electricity and provide increased resource security.
Mohamed Jameel Al Ramahi, CEO of Masdar, 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.”