ELEMENT HOLDING and Enovus are joining forces to support the development of renewable energy infrastructure in Georgia and unlock the country’s solar energy potential. The companies have signed a strategic cooperation memorandum aimed at the joint development of solar power plants and other renewable energy projects.
The partnership encompasses the identification of potential sites and business opportunities for solar power plants, technical and economic feasibility assessments of promising projects, the development of joint project concepts, as well as support for design, construction, and commissioning.
As a diversified group operating in the construction industry, ELEMENT HOLDING brings extensive construction, engineering, design, and manufacturing capabilities to the partnership. The combined expertise of its subsidiary companies covers the entire construction project lifecycle.
Enovus contributes specialized expertise and technical capabilities in the energy sector, supporting the development of solar power plants from initial concept through to operational implementation.
The partners also plan to organize industry forums, public discussions, and develop analytical publications to raise awareness and make opportunities in the renewable energy sector more accessible to businesses and investors.
