Back to the complete issue
Wednesday, 11 October 2023

Is the UAE eyeing a solar energy project in Georgia?

A proposed pilot project for a solar farm in Georgia is reportedly in the works with the UAE, Khaleej Times reports, citing statements by Georgia's Vice PM and Economy and Sustainable Development Minister Levan Davitashvili. “We expect significant potential investments from the UAE into Georgia. For example, currently, we are working on renewable energy projects. There is a pilot project for a solar farm in Georgia. Hopefully, we will sign a joint venture agreement within the next month and move to the implementation phase,” he said, without disclosing details on the planned facility.

A UAE-Georgia CEPA is going into implementation early next year: A Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Georgia will be effective in the first quarter of next year, according to officials. It comes under a bid to double bilateral non-oil trade to USD 1.5 bn per year during the next five years.

It’s a CEPA bonanza: UAE State Minister for Foreign Trade Thani bin Ahmed Al Zeyoudi said his country is working on finalizing CEPAs with six additional countries by the end of this year. “We are about to conclude talks with South Korea, and Thailand is almost at the last stages. These agreements will follow those with Costa Rica, Chile, Colombia, and Vietnam. We are also very close to concluding talks with Ukraine,” Al Zeyoudi said. The UAE has rolled out several CEPAs with Turkey, Indonesia, Israel, and India in recent months.

Enterprise Climate is available without charge thanks to the generous support of HSBC (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; and Infinity Power (tax ID: 305-170-682), the leading generator and distributor of renewable energy in Africa and the Middle East. Enterprise Climate is delivered Mon-Thurs before 4 am UAE time. Were you forwarded this copy? Sign up for your own delivery at climate.enterprise.press. Contact us on climate@enterprisemea.com.