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Investor to Put 8 million USD in Solar Panels Plant

Eight million USD will be invested in the Kutaisi solar panels plant, Soso Nibladze, executive director of Kutaisi Free Industrial Zone, told BM.GE.

At this stage, the plant is under reconstruction. After the repair works corresponding equipment will be installed, he added.

“Solar panels plant continues active infrastructural works. They are reconstructing the building to install due equipment. The plant will operate on 10 000 square meter space and manufacture 200 megawatt panels. The plant will employ 100 persons”, Soso Nibladze noted. 

The project is being implemented by German investments, namely by German-Mexican concern AE SOLAR, founded by German and Mexican companies.
Solar panels manufactured in Kutaisi will be sold in the USA, GULF countries and Europe, naturally, in Georgia too.