Georgia Solar Photovoltaic (PV) Power Market Report 2017

  • ID: 4392411
  • Report
  • Region: Georgia
  • 18 pages
  • Inea Consulting Ltd
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Georgia is a country in the Caucasus region. Situated at the juncture of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the south by Turkey and Armenia, and to the east by Azerbaijan. Georgia covers an area of 69,875 km2. The population was 3.72 million and the current gross domestic product (GDP) was $14.33 billion as of 2016. Georgia solar photovoltaic (PV) power market value, which was USD XXX million in 2016, is expected to grow to USD XXX million in 2017, at a CAGR of XXX percent.

The climatic conditions of Georgia are favourable for utilizing solar energy. Most regions of the country have 250–280 days of sunshine per year. Direct and global radiation reaches daily values from 3.5 to 5.3kW/m² and an annual average of about 1,550kW/m². The achievable potential for solar energy generation in Georgia is estimated at 60–120 GWh annually. Georgia’s current energy policy – the Parliamentary Resolution on Main Directions of State Policy in Power Sector – dates back to 2006, and the current State Programme for Renewable Energy was adopted in 2008. In 2013, the government launched procedures for setting up a working group to develop a medium to long-term energy strategy, but very little progress has been observed in incorporating all parts of the energy sector into the country’s energy policy directions.

Its energy sector is predominantly occupied with developing its hydro energy potential, overlooking that for developing other renewables or maximising energy efficiency gains. The government is committed to substantially expanding hydropower generation capacity in the coming years; consequently the construction of new hydropower plants and electric transmission lines remains the country’s top priority. The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources and connecting to the power infrastructure of Commonwealth Independent States (CIS).

Scope:
  • Snapshot of the country’s renewable and solar photovoltaic (PV) power sector across parameters - country overview, current power and solar photovoltaic (PV) power market status, electricity market structure, key issues, future plans and strategies to meet increasing power demand, and way forward.
  • Statistics for cumulative and annual installed solar photovoltaic (PV) power generation capacity of from 2012 to 2017.
  • Statistics for cumulative and annual revenue of solar photovoltaic (PV) power plants from 2012 to 2017.
  • Break-up by power generation technology, including thermal, hydro, renewable (incl. solar PV) and nuclear
  • Data on key issues witnessed in the Georgia solar photovoltaic (PV) sector.
  • Information on future plans and strategies to meet increasing power demand.
Reasons to buy:
  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s solar photovoltaic (PV) power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development opportunities
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1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations
2 EXECUTIVE SUMMARY
3 GEORGIA SOLAR PV POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Solar PV Power Market in Georgia
3.3 Key Issues
3.4 Investment Trends and Development Roadmap to Meat Increasing Power Demand
3.5 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Capacity and Revenue
3.6 Annual Installed Photovoltaic (Solar PV) Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
6 REFERENCES
7 DISCLAIMER

Chart 1: Solar Resource Map of Georgia
Chart 2 Share of Solar PV Power from Total Installed Power Generation Capacity in Georgia in 2016
Chart 3: Georgia Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 4: Georgia Power Generation Capacity Breakdown by Source (Fuel) Type in 2016 (incl. Renewables)
Chart 5: Structure of Electricity Power Market in Georgia
Chart 6: Cumulative (CAGR) Installed Capacity of Photovoltaic (Solar PV) Power Plants in Georgia (in MW) 2012 ÷ 2017, including forecast
Chart 7: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants in Georgia (in Millions USD) 2012 ÷ 2017, including forecast
Chart 8: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Georgia (in MW) 2012 ÷ 2017, including forecast
Chart 9: Annual Revenue of Photovoltaic (Solar PV) Power Plants in Georgia (in Millions USD) 2012 ÷ 2017, including forecast
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Georgian Solar Company LLC
Headwall Power International
Georgian Industrial Group
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