Top

New HPPs of more than five MW capacity to trade on unique exchange

New HPPs of more than five MW capacity to trade on unique exchange
New HPPs of more than five MW capacity to trade on unique exchange

A law on promoting the production and use of energy from renewable sources came into force in Georgia.

The law provides government support plans for renewable energy projects.

Deputy Minister of Economy and Sustainable Development of Georgia David Tvalabeishvili made comments on the plans.

In his words, new HPPs with a capacity of more than five MW will sell electricity on the energy exchange, and the government will offer them financial assistance.

The government is currently examining the project.

Following the project, all HPPs will trade on the stock exchange under this mechanism.

The exchange will start operation in 2021.

In Tvalabeishvili's words, the government will issue a decree shortly, and more details will be available.

The government is preparing a special package for wind and solar projects.

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

Latest news



orphus_system