The Future is Here
We develop utility-scale SOLAR and WIND power plants by bringing impact capital, green electricity, and conscious consumers together.
Project Pipeline
Udabno Solar Power Plant (6.4 MW)
Georgian Solar Company LLC (a subsidiary of Next Energy LLC) in partnership with GEDF (Georgian Energy Development Fund), is developing the 5 (AC) 6.4 (DC) MW "Udabno Solar Power Plant" in Udabno village, Sagarejo municipality.We are currently selecting the EPC contractor. Construction should commence by August 2025.
Kutaisi Solar Power Plant (12 MW)
Aia Wind LLC (a subsidiary of Next Energy LLC) has signed a memorandum with the Government of Georgia for the rights to conduct studies on the development of the 9 (AC) 12 (DC) MW "Kutaisi Solar Power Plant" project in the Chognari village, Terjola municipality.Final feasibility study, environmental assessment, detailed design, and other permits should be obtained by December 2025, and construction should commence by March 2026. The project's completion and commissioning are expected by May 2027.
Qiziki Solar Power Plant (33 MW)
Qiziki Solar LLC (a subsidiary of Next Energy LLC) has won the CfD tariff auction and has signed the memorandum with the Government of Georgia for the rights to conduct studies on the development of the 26 (AC) 33 (DC) MW "Iliatsminda Solar Power Plant" in the Iliatsminda village, Signaghi municipality.The final feasibility study, environmental assessment, detailed design, and construction permit should be finalized by September 2025. Construction of the plant should commence by November 2025, and project completion and commissioning are expected by December 2026.
Kutaisi Wind Power Plant (22.5 MW)
Aia Wind LLC (a subsidiary of Next Energy LLC) has signed a memorandum with the Government of Georgia for the right to conduct the studies on the development of the 22.5 MW "Kutaisi Wind Power Plant" in Chognari village, Tskaltubo municipality.We have secured the grid connection permits, measured the wind parameters, and conducted the environmental and social impact assessment. Plant construction should launch in December 2025, while commissioning is planned for May 2027.
Kareli Wind Power Plant (30 MW)
Kareli Wind LLC (a subsidiary of Next Energy LLC) has signed a memorandum with the Government of Georgia for the right to conduct the studies on the development of the 30 MW "Kutaisi Wind Power Plant" in Qvemo Leteti village, Kareli municipality.We have measured the wind parameters and are assessing the environmental and social impact. Plant construction should launch in March 2026, while commissioning is planned in May 2027.
Poti Offshore Wind Power Plant
Black Sea Offshore Wind LLC (a subsidiary of Next Energy LLC) has submitted the pre-feasibility study and is awaiting to sign the memorandum with the Government of Georgia for the rights to conduct further studies on the development of the "Poti Offshore Wind Power Plant" at the Black Sea coast near Poti, Georgia.
Along with our energy impact partners,
we contribute to shaping the energy landscape of the future!
Our Services
At Next Energy, we source a renewable energy project, conduct studies, line up the necessary memorandums and permits, and then design and build the plant.For each project, we select a qualified EPC contractor (which is equivalent to GC) to design the project, procure the equipment, and construct and commission the plant.
We charge two fees: a "project development & construction management fee" and a "profit share at the sale fee" (unless we are building a project with external funds under a "buy-and-hold strategy").Development fees can vary, but a range of $6 to $15 per installed kW is probable (depending on the system type and scale). This equates to about 9% to 12% of the project's total cost.
Finding a suitable land plot, securing the grid connection, and entitling the project, is where the action starts. It is arguably the most difficult phase in securing development rights.Once we have a project at NTP (notice to proceed), we can go to a variety of financing sources including funds, debt lenders, and private investors to obtain project financing.Another option is to sell the project for a profit to an investor, who wants to build and own the plant. Many large funds do not take the pre-development risks, therefore, at NTP, the pool of investors becomes much larger. At this point, the execution and construction risks remain.The profit on the sale of a plant is the function of the system cost and future electricity revenue from the off-taker. We are eager to make the spread between our out-of-pocket costs and whatever the buyer will pay by backing into the 10-12% IRR target.
Along with our impact partners,
we shape the energy landscape of the future!
Contact Us
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contact@nextenergy.ge11 Chitadze Street, Tbilisi, Georgia
Along with our impact partners,
we contribute to shaping the energy landscape of the future!