Renewable Energy Landscape in South Caucasus: Georgia and Armenia
Key Ideas
- Georgia heavily relies on renewable energy, with hydropower dominating its energy landscape, contributing to 81% of electricity production in 2021.
- Armenia has made significant strides in renewable energy, with one-third of its electricity generated from renewable sources by 2021, including small hydroelectric plants, wind, and solar power.
- Both Georgia and Armenia are strategic players in the global shift towards sustainable energy, recognizing the importance of integrating renewables into their national strategies for sustainable growth and energy security.
- The South Caucasus region, rich in solar and wind potential, stands to benefit from the increasing demand for alternative energy supply chains, especially in the context of geopolitical tensions and the need for sustainable solutions.
As the world grapples with the challenges of climate change, energy security, and geopolitical tensions, countries are increasingly turning towards renewable energy as a sustainable solution. In the South Caucasus region, particularly Georgia and Armenia, the shift towards renewable energy is becoming more pronounced. Georgia, with its significant hydropower potential, heavily relies on renewable energy, with 81% of its electricity production coming from hydropower in 2021. The country is also exploring wind and solar options to diversify its energy mix and enhance its energy security. Georgia's strategic location makes it a vital link in regional green connectivity, with projects like the Black Sea electric cable expected to transform it into an electricity hub. Armenia, on the other hand, has seen remarkable progress in renewable energy, with almost a third of its electricity now generated from renewable sources. The country's renewable energy landscape includes small hydroelectric plants, wind, and solar power, contributing significantly to its energy mix. Both Georgia and Armenia recognize the urgency of integrating renewables into their national strategies to ensure sustainable growth, reduce reliance on fossil fuels, and address environmental concerns. The South Caucasus region, known for its solar and wind potential, is poised to benefit from the global shift towards sustainable energy, offering opportunities for green partnerships and enhanced energy security.