Georgia, Denmark sign sustainable energy development deal
The meeting between Davitashvili and Kofod also involved a discussion of the trade and economic cooperation between the two countries. Photo: Georgian Economy Ministry
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An agreement on a €2 million programme on developing sustainable energy in Georgia was signed on Thursday between Levan Davitashvili, the Georgian Economy Minister, and Jeppe Kofod, the Danish Foreign Minister.
Entitled Creating a Favourable Environment for Sustainable Energy Development in Georgia, the deal will seek to contribute to energy efficiency and renewable energy, the Economy Ministry announced.
The Ministry also revealed the Danish authorities had pledged support for the development of the country’s energy efficiency via experience-sharing and the interest of Danish businesses in the Georgian market.
The Georgian Minister said the two officials had discussed the development of wind and solar energy in the country, adding the Georgian Government had “high hopes” it would be able to attract the interest of Danish investors in Georgia's energy sector.
Davitashvili also said Georgia would continue “close work” with Denmark in the areas of sustainable and renewable energy development, noting the country was one of the leading states in the world in the field, including in the efficient use of wind energy.
Denmark will allocate the funds for the development of the sector in the country by 2023.
The meeting between Davitashvili and Kofod also involved a discussion of the trade and economic cooperation between the two countries.