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After electricity rates increased, the management of the company began looking for ways to reduce our utility bills. In 2022, they decided to invest in a solar power station with the help of the EBRD’s GEFF.
Thanks to solar power, Nuts L is now not only able to generate power for their own consumption, but can also save approximately 200 MWh of energy each year. These savings will allow the company to pay back the investment in just four years.
“We are happy to contribute not only to the development of export activities in Georgia, but also to the country’s commitment to reduce CO2 emissions”, – says Zaza Lorchoshvili, the director of Nuts L LLC.
The project is supported by the Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance (BMF).