BAKU, Azerbaijan, December 24.​ The European
Bank for Reconstruction and Development (EBRD) has given the green
light for a loan of up to $25.5 million (22.1 million euros) to
ITEC LLC (International Turbine Engine Company) to kickstart the
construction and development of a 73 MW solar power plant in
Marneuli, Georgia, Trend reports.


With a total cost of $34.9 million, the project aims to
establish the country’s largest industrial-scale solar power
station, marking a significant step in expanding renewable energy
sources. The new plant will add 73 MW of solar capacity to
Georgia’s national power system, supporting energy diversification
and complementing existing hydroelectric generation.








The solar station is projected to generate approximately 91.1
GWh of electrical output per annum, facilitating a reduction in
carbon dioxide emissions by an estimated 21,077 tons annually.


The initiative aligns with two key transition goals outlined by
the EBRD:







- Competitive transition – promoting private sector development
in the energy market and enhancing competition.


- Green transition – contributing significantly to climate
resilience and emissions reduction.