The proposed financing covers 40.6 MW of new solar capacity and refinancing for five operating plants, while negotiations on the loan agreement continue.
A 33.06 kWp rooftop solar installation at the Evangelical-Lutheran Church in Tbilisi has been operating for around three years. The church says the system now generates more electricity over the year than the site consumes, while the original project calculations indicated a payback period of around six years.
The developer says the planned wind farm will affect no more than 3% of the licensed forest area, while more than GEL 5.6 million is expected to be paid in compensation related to tree removal.
Installation of all 33 turbines has been completed at the Ruisi Wind Power Project in Shida Kartli, as the 206 MW facility moves toward grid connection and commissioning.
A proposed modification to the Kaspi wind project would increase its installed capacity by 26 MW and fully double-circuit the associated 110 kV transmission line.
The industrial self-consumption project in Rustavi will combine on-site solar generation with zero-export control and provision for future battery storage.