Increase the share of renewables further in the power sector
The current trend suggests that Georgia will fall short of this target and will reach only 22.7 per cent in TFEC under the current policy scenario. Therefore, a step up is necessary to bridge the gap. The proposed increase will mainly be in the power sector, which will reach a renewable energy share of 75.7 per cent in the fuel mix for power generation. As a comparison, the renewable energy share in the power sector is 73.1 per cent in the current policy scenario. In terms of technology mix for renewable energy, the share of generation will come from hydro (50.3 per cent) followed by wind (25.4 per cent), solar (0.8 per cent), combined cycle gas turbine (19.3 per cent) and single cycle gas turbine (4.3 per cent).
Total investment in the power sector under the current policy scenario will be US$9.5 billion. On the other hand, the SDG scenario requires an investment of US$4 billion. The reduction in investment is mainly due to a reduction in capacity arising from lower energy demand in 2030.