Georgia signs declaration with German KFW on development of renewable energy
Georgian Economy Minister Natia Turnava also emphasised that Georgia will be one of the first countries in the region ‘to turn this technology into reality’ with the support of its German partners. Photo: Ministry of Economy press offcie.
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A declaration has been signed between the Georgian Economy Ministry and the German Development Bank (KfW) earlier today on the development of clean and renewable energy in Georgia.
The study of green hydrogen potential begins in Georgia, the Economy Ministry reports.
So-called green hydrogen is a ‘clean fuel’ which is produced by energy from the sun, water and wind.
The declaration between Georgia and German KFW intends to:
- Assess the potential and benefits of green hydrogen in Georgia
- Undertake a pilot project providing benefits to the country’s economy and assisting the development of clean and renewable energy
- Reduce the country’s dependence on imported gas and increase supply security
- Increase the pace of development of renewable energy projects for mitigating carbon emissions and the creation of export opportunities for the country
Georgian Economy Minister Natia Turnava stressed the importance of Georgia’s appearance ‘on the map of green hydrogen exploration,’ noting that the country will begin the production of green hydrogen.
As a result, it will be possible to transport energy from regions saturated with renewable energy projects to regions with energy shortages,” Turnava said.
She also emphasised that Georgia will be one of the first countries in the region ‘to turn this technology into reality’ with the support of its German partners.
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