Summary 

Establishing a sustainable and green economy is very actual challenge in modern world. Polluted urban environment and high dependence on non-renewable energy recourses are problems for developing countries including Georgia.

Which green energy types can be lead the process in Georgia? How synergy effects can improve our potential to provide and to consume clean energy.

We will evaluate the opportunities of renewable energy in country. Research is determining green energy contribution in energy sector growth and its benefits in overall economic development. Also, long-term predictions about renewable energy sector impacts on economic growth and other macroeconomic parameters.

This data consists assumptions, operational and financial indicators about ongoing and potential renewable energy projects. These projects (Total – 246 project) are arranged into four groups:

1. Construction and Licensing Stage
2. Feasibility Study Stage with Construction Liabilities
3. Feasibility Study Stage
4. Potential Projects

First three group consist ongoing renewable energy power plant projects where investors interest is expressed. 4th group are potential projects which is a suggestion for potential investors. Information consist preliminary indicators like construction cost, construction period, installed capacity, average annual generation, Export/domestic tariff, domestic/foreign market shares for produced energy and etc.

Using assumptions and fixed variables it can be calculated total added value to GDP from each project. If we summarize results, we can calculate production shares per GDP (2017 year) of all projects for each group:

• Construction and Licensing Stage -2.5%
• Feasibility Study Stage with Construction Liabilities - 2.2%
• Feasibility Study Stage – 4.6%
• Potential Projects -3.2%

For HPP’s potential production volume is 10.2%  of current GDP (including all current and potential projects), for Wind it is less (2.0%) and only 0.3% gain from Solar power projects.