The agreement has been entered into by Ergon Solair LLP, a partnership of American, European and Taiwanese photovoltaic managers, and Georgia New Energy Ltd, a project developer from Georgia. The goal is to install solar parks, worth a total of over 1.5 GW, in the Black Sea region, Mediterranean countries and the U.S. using both crystalline and III V technology (tandem cells).
The new joint venture will also see Georgias first photovoltaic module production facility established. Construction is scheduled to begin in mid-2012. Located in the industrial area of Rustavi, the facility is expected to cover 1,000 square meters when complete. A 100 megawatt (MW) solar park and testing site will be installed adjacent to it. The company is also establishing management offices, in central Rustavi.
In a statement released, Georgia PV Project explained that initial production capacity will be 100 MW, and that pre-arrangements for financing of the first phase have been made with U.S. lenders.
The first modules are expected to come off the line in the second half of 2013. By 2014, the aim is to ramp up to 300 MW annually. "Further increase of capacity in second and third construction cycle are expected with final output programmed at > 1 GW yearly, such capacity increase will be determined after first cycle construction is completed," said the parties.
While Georgia New Energy will run the production facility and local management, Ergon Solair will exclusively supply all the required machinery, materials and components for both the facility and photovoltaic installations.
No further details were immediately available.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.