Georgia Renewable Energy Tenders

Georgia's renewable energy market is experiencing steady growth, with renewables accounting for over 20% of the country's total energy consumption in 2022. This is expected to reach 30% by 2030, driven by government initiatives, declining costs of renewable energy technologies, and increasing consumer demand for clean energy. Georgia's abundant hydropower resources, coupled with its favorable geographical location and supportive regulatory framework, make it an attractive destination for renewable energy investment.

The Georgian government is committed to promoting renewable energy development and has set a target of increasing the share of renewables in the country's energy mix to 40% by 2030. The government is supporting the sector through various measures, including:
Providing subsidies and incentives for renewable energy projects
Establishing a renewable energy portfolio standard (RPS)
Investing in renewable energy infrastructure

The Georgian government procures a wide range of renewable energy products and services, including:
Solar photovoltaic (PV) panels: Georgia has been actively promoting solar energy, with over 500 megawatts (MW) of installed PV capacity.
Hydropower: Hydropower is the largest source of renewable energy in Georgia, accounting for over 80% of the country's total renewable electricity generation.
Wind energy: Wind power is gaining traction in Georgia, with several large-scale wind farms commissioned across the country.
Biomass energy: Biomass energy, particularly from wood, plays a significant role in Georgia's renewable energy mix, accounting for around 5% of the country's total renewable electricity generation.

The top authorities for renewable energy procurement in Georgia are:
The Ministry of Economy and Sustainable Development (MoESD)
The Georgian Renewable Energy and Energy Efficiency Fund (GREF)
The Energy Regulatory Commission (ERC)

Major companies that have secured significant renewable energy procurement contracts in Georgia include:
JSC Georgian Renewable Energy Development Company (Greensolar)
JSC Caucasus Energy
JSC Kazakh Invest
JSC Adjara Hydropower Company

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