Industrial production of wind power plants in Georgia is set to begin following the signing of a memorandum between the country Economy Ministry, the State Military Scientific Centre Delta and Georgian Wind Energy Association on March 23.
Production of wind energy power plants, creation of new jobs, integration of wind power into the energy infrastructure and generation of electricity is included in the agreement, the Economy Ministry announced.
The state body, Delta and the Association will also make efforts to find potential investors interested in financing and developing production of components of wind power plants on the territory of Georgia, with the manufacturing of wind generators and their components set to be located on an industrial area owned by Delta.
Negotiations with the leading companies producing wind power generation equipment, as well as with parties interested in purchasing such equipment and its components, is also included in the memorandum.
In November 2021, a declaration was signed between the Georgian Economy Ministry and the German Development Bank (KfW) on the development of clean and renewable energy in Georgia. The deal intended to assess the potential and benefits of green hydrogen, solar energy, water and wind in the country. It also involved undertaking a pilot project providing benefits to the country’s economy and assisting the development of clean and renewable energy.
A 50-megawatt wind power plant near the village of Nigoza in eastern Georgia is planned to begin operations in 2022, the Economy Ministry announced in May 2021. (Agenda/Business World Magazine)