The government is being helped by the European Bank for Reconstruction and Development as it designs a new net metering system. The country already supports large scale PV plants and small solar parks.
The Abu Dhabi-based clean energy group has entered into a formal agreement with an investment fund to develop 400 MW of PV capacity in Armenia, with a projected investment of up to $320 million.
The projects will be tendered under single-round competitive bidding processes, supervised by the European Bank for Reconstruction and Development.
The German module manufacturer is planning a further expansion of capacity in Europe. In France and Armenia, new production lines for solar cells and modules are planned to start this year.
The solar facility will sell power to the local grid at around US$0.04/kWh. The project is part of Armenia’s six-year $58 million solar program.
Work is heating up on 10 MW of solar PV plants in Armenia, which were commissioned under a special tariff announced in December 2016. Three MW have already been commissioned, with the rest scheduled for completion in 2018. Additional utility-scale quotas are also set to be published next year.
Armenia’s fledgling solar industry has received a boost with the installation of another 1 MW PV plant, by Arpi Solar. The company is due to start work on another 55 MW “very soon”.
The Armenian government introduced a special tariff for PV projects up to 1 MW in late 2016.
Through the tender, the Armenian government will build the country’s first large-scale PV plant as part of its six-year $58 million solar program.
The tendered 55 MW solar plant is part of the country’s six-year $58 million solar program.
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