The 20.7MW Qartli project is located in the Gori municipality of central Georgia and developed by the Georgian Energy Development Fund (GEDF) and the Georgian oil and gas corporation.
The project comprises six Vestas V117-3.45MW turbines, which will help to provide power to Georgia during the winter when demand increases.
EBRD arranged a $22 million loan with the help of $12 million from a consortium of four European investors.
A third of the power from the Qartli project will be sold to customers in Turkey.
"After having invested more than US$ 336 million in Georgia's energy sector, we are now hoping to make another renewable source – wind – attractive for investors," said EBRD director for energy in Russia, the Caucasus and central Asia, Aida Sitdikova.
According to its website, GEDF has two further wind projects in the pipeline with a combined 200MW of capacity expected.
The Georgian goverment is planning to add approximately 1.45GW of new wind power by 2019.