Georgian Low Carbon Framework
Short description of the overall project
Under the Georgian Low Carbon Framework, EBRD will provide financing of up to US$ 120m for medium-sized renewable energy projects in Georgia. The projects under the Framework will encompass development, construction and operation of renewable energy generation projects in Georgia.
Short description of activities financed by the donation
The Georgian Low Carbon Framework will support investments in medium-sized renewable energy projects in Georgia. The projects under the Framework will support the Government strategy to foster low carbon generation, cover the country's seasonal winter demand and to support private ownership in the energy sector. The Framework will be instrumental in supporting the low carbon power generation as well as diversification of renewable energy sources in Georgia to include wind and potentially solar.
Technical cooperation will be provided for:
- supporting a study of solar resource mapping of Georgia;
- supporting Electric System Commercial Operator, Georgia's electricity trading company, in the design of the trading platform.