1 kW renewable energy production may require USD 1500 investment in 2016June 29, 2011 - 11:57 AMT PanARMENIAN.Net - The director of Renewable Energy and Energy Saving Foundation gave high assessment to current level and development potential of renewable energy in Armenia. As Tamara Babayan told a news conference in Armenia, the number of licences (130 licences after 2003-2004) issued by a regulatory body proves the above-mentioned. From the point of view of the investments, before 2009, production cost of 1 kW renewable energy grossed USD 700; at present the figure rose to USD 1200, with production cost of USD 1500 forecasted for 2016-2020. As the Foundation’s program manager Aram Maranjyan, in turn, noted, until recently, Armenia had the leadership in the sector, yet the country is currently falling behind Turkey. According to Mr. Maranjyan, renewable energy has a 32% share of the whole energy system of Armenia. The country has a major potential in development of geo-energetics, wind energy produced on the basis of ethanol and photovoltaic energy. 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 | Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Armenian Foreign Minister regrets “tragic loss” of Iranian counterpart The Armenian Foreign Ministry has expressed shock over the death of the Iranian President and the Minister of Foreign Affairs. Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. |