Prospects for the use of solar energy in Georgia (მზის ენერგიის გამოყენების პერსპექტივა საქართველოში)
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Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The article presents research on the importance of solar energy,
potential and investment opportunities in Georgia. Strengthening the
electricity sector and energy independence is one of the main goal of
development-oriented countries. The only way to replace imported electricity
and satisfaction of increased demand is to increase electricity production.
Solar energy as an inexhaustible resource is an actual issue in the world and
more people are consuming it. However, in Georgia consumer awareness is
rising about solar energy.
The aim of the study was to study the electricity market in Georgia,
assess the current situation and discuss about solar energy as an investment
opportunity. The paper is based on official statistics, scientific articles and
research results conducted in the energy sector.
As Georgia continues its economic development the need for energy
will continue to grow. If Georgia does not meet this challenge it may face
an energy shortage in the next ten years. Georgia’s geographic location
also presents an excellent opportunity for providing energy to neighboring
countries. The study showed that, Georgia has the potential to become
an attractive place for investors to invest in the Solar energy sector. The
government of Georgia is offering benefits to potential investors today.
The successful introduction of solar panel production will give more
incentive to investors to take an interest in other components of the project,
such as charging stations and electric vehicles.
The use of solar energy in Georgia can bring significant benefits to
the macro level - for the country, and at the micro level - for individual
consumers. Considering climate change and international commitments, it
is important for the state to take environmental measures, in which the use
of solar energy will play an important role and save resources.
Description
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Keywords
Energy, sun power, solar panels, electricity
Citation
Economics and Business, №3, 2021, pp. 141-155