NEXT Energy

Renewable energy development · Georgia

The hard part happens before funds arrive.

NEXT Energy originates utility-scale solar and wind in Georgia and carries it through the gates that create value — land, grid, permits, offtake. Equity partners and EPC contractors join at the point where the risk is priced and the schedule is real.

7
Projects in development
392.5MW
Grid capacity, AC
2026
First commercial operation
7
Named partners and contractors

Portfolio status

Every project, and the gate it has cleared

Solar Wind
ProjectLand & leaseGrid connectionPermitsOfftakeReady to buildConstructionOperation
Udabno Solar PV5 MW · Solar PV
Iliatsminda Solar PV26 MW · Solar PV
Kutaisi Solar PV3.5 MW · Solar PV
Kutaisi Wind22.5 MW · Onshore wind

Co-located — one 110/35 kV substation, one 110 kV line, 26 MW behind a single connection

Egrisi Solar PV110 MW · Solar PV
Kareli Wind30 MW · Onshore wind
Poti Offshore Wind195.5 MW · Offshore wind

Marker shows the last gate cleared. Scroll sideways on a narrow screen.

What we do

Greenfield development, start to finish

We start projects from nothing and take them to the point where they are financeable — then run construction management through to commissioning alongside the partners who fund and build them.

01 / Originate

Secure the position

Land rights, grid interconnection and project entitlements. This is the highest barrier to entry in Georgian renewables and the reason a development pipeline has value at all.

02 / De-risk

Clear the gates

Resource assessment, pre-feasibility, environmental permitting and offtake. Each gate cleared moves the project into reach of a wider pool of capital at a lower cost.

03 / Build or divest

Bring in capital and EPC

At Notice to Proceed we either close project financing and build, or divest to an investor looking for long-term ownership. Construction management runs through to commissioning either way.

Partners

Who we build with

Every project sits in its own company with a named partner. Development risk, capital and construction responsibility are allocated at the project level, not at the group level.

  • SUNGROW Renewables
  • GURIS Renewables
  • Georgian Energy Development Fund
  • OHM Energy LTD (Armenia)
  • HUBEI TITAN Zero-Carbon Technology

EPCUdabno and Iliatsminda are contracted under EPC agreements with OHM Energy LLC (Georgia), the local subsidiary of OHM Energy LTD (Armenia) — our equity partner in Iliatsminda.

Construction managementENGIA Green LLC has been engaged to handle construction management for both projects.

First plant

Udabno, energising in 2026

Site footage · Sagarejo

The 5 MW Udabno solar plant in Sagarejo is the portfolio's first asset to reach commercial operation. It was developed with the Georgian Energy Development Fund, began construction in May 2026, and is targeting commercial operation in September 2026.

Everything behind it in the pipeline is being developed to the same process. Udabno is where that process stops being a description and becomes a track record.

Looking at Georgian renewables?

We are open to equity partners at project level and to EPC contractors bidding the 2027 construction programme.