Armenia to be home to 200-MW solar park

Armenia to be home to 200-MW solar park

PanARMENIAN.Net - A 200-MW solar park will be built in Armenia, Minister of Territorial Administration and Infrastructure Gnel Sanosyan said on Facebook Friday, November 26.

Sanosyan revealed that a government support agreement has been signed between Armenia and Masdar, a UAE-government owned renewable energy company.

The Minister reminded that Masdar won the competition with a final bid of USD 0.0290 per kWh.

In 2019, Masdar and the Armenian National Interest Fund CJSC (ANIF) entered a joint development agreement to add 400 MW of solar PV capacity in Armenia, half of which will come from the above-mentioned project. According to Masdar, talks are ongoing for the development of the other 200-MW portion.

 Top stories
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
---