Modules manufactured at the facility will be sold under the brand Solaron. The facility will be owned and operated by local company Profpanel LLC.
All pre-qualified bidders are invited to submit project proposals by June 16. The project is part of 110 MW pipeline that the government is supporting through a recently created ad hoc commission.
The Armenian Ministry of Energy Infrastructure and Natural Resources has prequalified ten companies in the preliminary phase of the tender for the project, which will be located in Masrik, Gegharkunik province, in the eastern part of Armenia.
The Armenian government has granted exemption from customs duties for the first time to local developer Investment Media Group. The measure is intended to support the implementation of the country’s $58 million solar program.
The Armenian government said the new commission will supervise the development of six solar projects totaling 110 MW.
Armenia’s Ministry of Energy has signed a MoU with UAE-based Ocean Holding for the construction of PV plants with a combined capacity of over 100 MW.
The Armenian government introduced a special tariff for PV projects up to 1 MW in late 2016. Construction on the country’s third 1 MW solar project under this regime has now begun. Furthermore, the Ministry of Energy has announced plans for Armenia’s first module factory.
More than 40 companies have expressed interested in a tender for the construction of a 50 MW solar power plant in Armenia. The project is a part of a US$58 million program to boost renewable energy in the country.
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