China (Georgia) Created Fair

14 million US dollars! Georgia Capital acquires 21MW wind farm in Georgia

Recently, Georgia Capital acquired the 21MW Qartli wind farm in Georgia, Europe, for more than $14 million.
It is reported that Qartli is the only operating wind farm in Georgia with an average utilization rate of 47%. The project generates about 85GWh per year.
The wind farm will receive a guaranteed price of $65/MW through a 10-year power purchase agreement with the Georgian government, which is expected to add $4 million in revenue to Georgia Capital’s renewable energy business by 2020.
According to Georgia Capital, the acquisition has increased the installed capacity of its renewable energy business to 91 MW.