Investments - Georgia

Status: as at 30 June 2017
Partner Institution Qartli Wind Power Plant (WPP)
Target Partner Georgia
Counterparty Sector Direct Investment/Renewable Energy Sector
Signing Date September 2016
Size USD 4 million
Project Description and Objectives Generate electricity from renewable sources
Partner Institution Bank Republic (former Partner Institution - merged with TBC Bank)
Target Partner Georgia
Counterparty Sector Financial Institution
Signing Date July 2016
Size USD 5 million
Project Description and Objectives Support the institution's expansion of its green business

For more information, please visit:  
Press release "GGF LENDS GEORGIA'S BANK REPUBLIC USD 5 MLN"

Partner Institution TBC Bank GE
Target Partner Georgia
Counterparty Sector Financial Institution
Signing Date December 2015
Size USD 15 million
Project Description and Objectives The funding will strengthen the bank’s capitalization and support further growth of its Energy Efficiency (EE) and Renewable Energy (RE) lending activities

For more information, please visit:  
Press release "GGF ESTABLISHES PARTNERSHIP WITH TBC BANK IN GEORGIA WITH A USD 15 MILLION SUBORDINATED LOAN FACILITY"

Partner Institution M2 Real Estate (M2RE)
Target Partner Georgia
Counterparty Sector Non Financial Institution
Signing Date November 2015
Size USD 11,5 million
Project Description and Objectives Credit line for the construction of 1,900 new high-quality, energy-efficient apartments

For more information, please visit:  
Press release "GGF PROVIDES REAL ESTATE DEVELOPER M2RE IN GEORGIA WITH USD 11.5 MILLION LOAN FOR THE CONSTRUCTION OF ENERGY EFFICIENT HOUSING"

Partner Institution Bank of Georgia
Target Partner Georgia
Counterparty Sector Financial Institution
Signing Date September 2014
Size EUR 15 million
Project Description and Objectives Provide EE financing for the construction of energy efficient housing.
Partner Institution Dariali Hydroelectric Power Plant (HPP)
Target Partner Georgia
Counterparty Sector Direct Investment/Renewable Energy Sector
Signing Date August 2014
Size USD 10 million
Project Description and Objectives Generate electricity from renewable sources
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