Energy advisory company OMNIA published the Electricity Market Report for 1H2024. According to the document, Georgia’s generation installed capacity is more than 4634.28 MW, which was increased by 50MW in the first half of hydr2024. After the testing period, a new hydro power plant was commissioned.
From the 4634,3 MW of installed capacity, 25.5% belong to the thermal power plant and 73.3% are different size hydro power plants. Other 1.2% is distributed between wind, solar and microgeneration.
Georgia’s RES generation potential is one of the highest in the region, however, it is using only 19% of the potential. Georgia has a total installed capacity of 4632.3 MW. Of this capacity, 3551.2 MW (77%) is removable energy, consisting mainly of hydropower plants. Georgia also has great export and transit potential.
According to the document, the share of renewable energy in Georgia’s power generation has shown month-to-month variability but has consistently remained high over the last year.
In the last 12 months, Georgia generated 11,583.6 GWh from hydro and wind sources, supplemented by 2,985.5 GWh from thermal power. This resulted in renewable energy making up to 79.5% of the country’s total power generation.
Regarding cross-border electricity trade, Georgia maintained its position as a net exporter. The country imported 633.8 GWh of energy while exporting 996.4 GWh, yielding a net export of 362.6 GWh. Over the past year, exports accounted for 6.84% of Georgia’s total domestic energy generation.
