Renewable Energy

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OVERVIEW OF GEORGIA’S ENERGY SECTOR
CURRENT MARKET AND STRONG DEMAND GROWTH PROSPECTS

In 2015 electricity generation reached 10.8 TWh, of which hydropower accounted for 78% and thermal - 22%

Domestic Demand growth , which is expected to grow in line with GDP, requires an extension of power generation by around 65% until 2025

Georgia is surrounded by countries with a projected structural power deficit or expensive power generation, opening up attractive export opportunities

HUGE UNTAPPED POTENTIAL

75% of economically viable hydropower potential not yet exploited (Approximately 25 TWh)

Over 60 potential HPP projects on the Pre-feasibility Study Level with Financial and Technical projection are available for investors

In addition to hydro, there is considerable generation potential from wind, solar and other renewable sources

LIBERALIZED AND DEREGULATED MARKET

Renewable projects are based on Build-Own-Operate (BOO) principle

No tariff set for the newly built Renewable energy Plants - investor is free to choose the market and negotiate the price

New and simplified rules for development of renewable energy projects

INVESTMENT OPPORTUNITIES HYDRO POWER

Georgia is one of the top countries in terms of water resources per capita

Today 78% of total electricity is generated from Hydro Power Plants

Georgia could produce additional 25 TWh annually with hydro resources alone.

There are over 60 potential HPP projects on the Pre-feasibility Study Level with Financial and Technical projection ready for investors

New HPPs have priority access to transmission line to Turkey

Generation and Export activities are exempted from VAT

HPPs smaller than 13 MW don’t need generation license

HPPs smaller than 2 MW don’t need the Environmental Impact Permit OTHER RENEWABLE SOURCES WIND

Wind potential of Georgia is estimated at 4 TWh

Wind power is very important because of higher generation during winter.

It’s estimated that share of wind power in total generation will reach 10% by year 2025. GEOTHERMAL

Georgian geothermal water reserves reach 250 mln. m3 per year.

There are more than 250 natural and artificial water channels where the average temperature of geothermal waters ranges from 30 to 110 C SOLAR

In most regions of the country there are 250-280 sunny days in a year, which is approximately 6,000-6,780 hours per year