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.