The Future of Energy is Here
We develop utility-scale solar and wind assets by orchestrating the convergence of impact capital, renewable energy generation,
and ESG-conscious off-takers.
Project Pipeline
Udabno Solar PV Plant (6.4 MWp)
Georgian Solar Company LLC — a subsidiary of NEXT Energy LLC — is pleased to announce the development of the Udabno SPP in the Sagarejo municipality.Developed in partnership with the Georgian Energy Development Fund (GEDF), the facility will have an installed capacity of 5 MWac (6.4 MWp).Construction officially commenced in April 2026, with the Commercial Operation Date (COD) projected for August 2026.
Kutaisi Solar PV Plant (8 MWp)
In partnership with GURIS Renewables LLC, a NEXT Energy subsidiary, Aia Wind LLC is developing the 6 MWac / 8 MWp Kutaisi SPP in the municipality of Terjola, Georgia.The project is slated to reach the Ready-to-Build (RTB) stage by September 2026, with construction scheduled to commence in March 2027. We are targeting a Commercial Operation Date (COD) in December 2027.
Iliatsminda Solar PV Plant (32.9 MWp)
In partnership with OHM Energy LLC, NEXT Energy's subsidiary, Qiziki Solar LLC, is advancing the 26 MWac / 32.9 MWp Iliatsminda SPP in Sighnaghi municipality.Key milestones include reaching the RTB stage in August 2026 and breaking ground in October 2026. The facility is expected to reach Commercial Operation (COD) by September 2027
Kutaisi Wind Power Plant (22.5 MW)
Aia Wind LLC, a subsidiary of NEXT Energy LLC, is developing the 22.5 MW Kutaisi Wind WPP in the Terjola municipality, Georgia, in partnership with GURIS Renewables LLC.The project is slated to reach the Ready-to-Build (RTB) stage by December 2026, with construction scheduled to commence in March 2027. We are targeting a Commercial Operation Date (COD) in November 2027.
Kareli Wind Power Plant (30 MW)
In collaboration with HUBEI TITAN Zero-Carbon Technology LTD, NEXT Energy's subsidiary, Kareli Wind LLC, is advancing the development of the 30 MW Kareli WPP.Following the recent signing of an MoU, the project is on track for RTB status in October 2026, with groundbreaking expected in March 2027. Full commissioning (COD) is anticipated by November 2027.
Egrisi Solar PV Plant (155 MWp)
Egrisi Solar LLC, a subsidiary of NEXT Energy LLC, is developing the 110 MWac / 155 MWp 'Egrisi SPP' in the Tskaltubo municipality, Georgia, in partnership with SUNGROW Renewables.To date, the grid connection agreement with GSE has been secured, and the pre-feasibility study has been submitted. The project is currently awaiting the formal signing of the CfD MoU with the Government of Georgia.
Poti Offshore Wind Power Plant (195.5 MW)
We are taking the first steps toward offshore wind in Georgia!Our subsidiary, Black Sea Wind LLC, has submitted the pre-feasibility study for the 195.5 MW Poti Offshore WPP.We are now working closely with the Government of Georgia to finalize the MoU that will enable us to begin detailed feasibility assessments for this landmark offshore project along the Black Sea coast near Poti, Georgia.
Shaping the future of green energy
alongside our world-class partners
Our Services
At NEXT Energy, we start greenfield renewable energy projects, from initial pre-feasibility studies to securing essential permits.For each venture, we identify qualified equity partners and EPC contractors to jointly oversee land acquisition, project design, financing, and full-scale construction through to commissioning.
Our fee structure comprises two components: a Project Development & Construction Management fee and a Profit Share realized upon project divestment.For projects utilizing external funding under a 'buy-and-hold' strategy, the exit-based fee is waived.Development fees typically range from $6 to $12 per installed kW—approximately 8% to 12% of total project costs—varying based on system technology and scale.
The development lifecycle begins with critical path activities: securing land rights, grid interconnection, and project entitlements. This phase represents the highest barrier to entry in securing development rights.Once a project reaches Notice to Proceed (NTP), we unlock a diverse pool of capital, including equity funds, debt lenders, and private investors. At this stage, because pre-development risks are mitigated, the appetite for investment increases significantly.Our strategy focuses on either securing project financing or divesting to investors seeking long-term ownership. Project valuation is driven by the spread between total system costs and projected off-taker revenue, allowing us to target an IRR of 9% to 14% through disciplined cost management.
Defining the Energy Landscape of Tomorrow
Contact Us
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contact@nextenergy.ge11 Chitadze Street, #36, Tbilisi, Georgia, 0108
Powering the Future, Today!