ProCredit Bank and GEFF in Georgia held a joint “Green Standards for Sustainable Business Development” online event on 20 November 2020. The purpose of the conference was to introduce the benefits of using solar energy, present new related trends, promote effective financial schemes and tools, and share expertise on the implementation of solar investment projects with the business segment.
GEFF experts and specialised vendors provided the more than 30 participants with detailed information about the benefits and advantages of solar energy investments via the conference call system as well as an additional 40 people via Facebook live stream. Furthermore, relevant projects and the various ways that these investments contribute to the overall competitiveness of businesses were discussed.
In addition to the presentations given by GEFF expert Andro Butkhuzi, ProCredit Bank’s Head of Environmental Management, Ketevan Kekelashvili, introduced the financial institution’s approach to green financing, the implementation of competitive schemes to finance green projects, and the bank’s vision of the future for renewable energy investments. As the first financial institution in Georgia with its own solar power plant, ProCredit Bank also presented important information their experience with solar energy system in the first six months after the installation of the power plant. Important facts about the bank’s utilisation of a rain water system as well as its electric vehicle-based car fleet rounded off the talks.
The conference ended with a highly productive discussion about the particularities of the Georgian market, the regulatory framework with a focus on the net-metering system, and the expectations for future growth.
As mentioned by the GEFF’s PFI Relationship Manager, Andro Butkhuzi, “The level of engagement shown by businesses in implementing high performing technologies, in particular photovoltaics, and the results achieved in a short period of time, are already visible throughout Georgia. The recent changes in the legal framework will lead to positive economic effects and in this way create further benefits for investments in solar energy systems in the coming years.”
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