Georgia’s evolution into a dominant force in regional energy production and the potential advantages for investors have garnered significant attention. Historically, Georgia has served as a prominent centre for renewable energy sources. As of late, the country has witnessed a surge in investment opportunities within its energy sector, resulting in both substantial electricity generation and attractive financial prospects.
Georgia has become a regional renewable energy powerhouse, with a strong emphasis on energy sector reforms and investments. The country’s transition away from fossil fuels began in 2004 and accelerated with deregulation in 2008. As of 2023, Georgia relies heavily on hydropower and fuelwood, with over three-quarters of its electricity coming from renewables. The country’s energy market stability and strategic partnerships have made it attractive to investors.
Georgia’s government supports energy projects, offering stable revenues for generators and promoting competitive auctions. Prime Minister Irakli Garibashvili announced energy projects worth $3 billion over the next three years. International investments, such as the EU’s Global Gateway scheme, are flowing into the country, with companies like Aqualia and Adjaristqali Georgia entering the market.
Georgia’s business-friendly environment, with a flat tax economy and streamlined incorporation processes, has further contributed to its appeal as a destination for investment. The thriving energy sector is central to Georgia’s economy, offering opportunities for both domestic and international businesses.
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