Renewable Energy Projects (Investment and Finance) is a specialized legal service focused on the financial and commercial viability of green energy projects. Unlike technical development, this direction concerns the project's "Bankability," state support schemes, and market entry strategies. Georgia operates new support mechanisms for renewable energy, such as Contracts for Difference (CFD) and capacity auctions. It is critically important for investors to correctly choose a financing model and sign solid Power Purchase Agreements (PPA) that ensure stable revenue in the long term.
Investment law and energy experts represented on the Legal.ge platform offer full legal support for the commercialization of renewable energy projects. Services include:
- Participation in energy auctions: Legal support for participating in state-announced capacity auctions (CFD), preparing tender proposals, and submitting bank guarantees.
- Structuring agreements: Negotiating Implementation Agreements with the government and contracts with ESCO/Market Operator to protect investor interests.
- Project Finance: Concluding loan agreements with international financial institutions (EBRD, ADB, IFC) and local banks, and ensuring the project's "bankability."
- Green Hydrogen and New Technology Regulations: Analyzing the legal framework for innovative projects (green hydrogen, biomass, geothermal) and providing legal accompaniment in pilot projects.
- Carbon Credit Trading: Registering the project under international standards (Gold Standard, Verra) and legally formalizing the sale of carbon certificates.
This service is essential in the following scenarios:
- A foreign investment fund plans to participate in Georgia's wind energy auction and needs a guarantee that the offered CFD tariff will be stable for 15 years.
- A hydropower plant developer wants to obtain a loan from an international bank, but the bank requests a Legal Opinion on the project and tightening of PPA terms.
- A company plans to open a green hydrogen plant and needs an analysis of special legislative regulations and acquisition of state support.
- An investor sells "Green Certificates" (Guarantees of Origin) on the European market and needs legal regulation of cross-border trading.
The field is regulated by the Law on Public-Private Partnerships, the Law on Promoting the Production and Utilization of Energy from Renewable Sources, and the Government Decree "On the Rule of Conducting Capacity Auctions." These normative acts define state support schemes, premium tariffs, and guarantees. In the case of international financing, environmental and social standards of creditor organizations also apply.
Collaborating with a Legal.ge specialist will increase your project's investment attractiveness. Energy projects are associated with high risks, so a correct legal structure and state guarantees are the foundation upon which a successful business is built. Our lawyers will help you maximize the use of existing support mechanisms.
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