Georgia’s Energy Development Fund (GEDF) says it is working to mobilise international grant funding for green projects through its accreditation with the Green Climate Fund (GCF).
Tamaz Akhveldiani, GEDF’s Director of Project Management, told BM.GE that the Fund is in the final stage of preparing grant applications. Depending on the projects selected, each funding package could range from USD 10 million to USD 50 million.
The Fund has not yet named the projects it intends to submit.
Accreditation opens a route, not funding by itself
GEDF received Green Climate Fund accreditation in 2025. That status gives the Fund a route to develop and submit projects for GCF consideration, but it does not itself mean that funding has been approved.
According to Akhveldiani, the potential grant budget could support one larger project or be divided among several smaller initiatives. State institutions, organisations and private-sector actors can submit proposals for consideration.
The Fund says the eventual selection will depend on which proposals are judged most relevant for Georgia, the energy sector and the Green Climate Fund’s climate objectives.
A broader green-project pipeline
The proposed grant activity is not limited only to electricity projects. GEDF says funding could also support other green initiatives.
At the same time, the Fund continues to develop renewable-energy projects of its own. Its portfolio currently totals around 350 MW, with some projects under construction or entering operation and others completing feasibility work ahead of a possible construction phase.
For Georgia’s energy sector, the significance of the announcement lies less in a confirmed financing decision than in the creation of a potential domestic channel for larger-scale climate funding. The next important step will be disclosure of the projects GEDF chooses to bring forward.
Source note: Reporting based on statements by Tamaz Akhveldiani, Director of Project Management at Georgia’s Energy Development Fund, to BM.GE, and on public information from the Parliament of Georgia regarding GEDF’s Green Climate Fund accreditation.