FRV Commissioned 62 MW Solar PV Plant in Armenia
Fotowatio Renewable Ventures (FRV) has announced the commissioning of the 62 MWdc (55 MWac) Masrik-1 solar PV plant in Armenia.
Located on a 130-hectare site, the Masrik-1 plant will avoid the emission of more than 54,000 tons of CO2 annually and will supply electricity to over 21,400 Armenian households.
The construction of the facility has been financed with the support of key financial institutions including the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), the European Union, and Ameriabank. The construction was carried out by China Machinery Engineering Corporation (CMEC), working closely with key Ministries and Agencies of the Republic of Armenia.
The power purchase agreement (PPA) has been signed with Electrical Networks of Armenia CJSC (ENA), ensuring that the energy produced will be distributed through the national grid, further advancing the region’s transition towards a more sustainable and efficient energy system.
Country news
-
-
July 12, 2021
Masdar wins tender for 200 MW Solar PPP project in Armenia
The Government of Armenia has officially selected Masdar, one of the world’s leading renewable energy companies, as the winning bidder for the tender for a 200 MW utility-scale solar project.
Read more -
April 09, 2018
Fotowatio wins Armenia's first solar project
The Ministry of Energy Infrastructure and Natural Resources of the Government of Armenia has announced that Fotowatio Renewable Ventures (FRV) has been selected as the winning bidder in a tender for the construction of a 55 MW solar park in the Gegharkunik province of the country.
Read more -
July 05, 2017
Armenia's tender for 55-MW solar project attracts 20 bids
Armenia's Ministry of Energy Infrastructures and Natural Resources has received applications from 20 different bidders from China, USA, Germany, Spain, South Korea, Iran and other countries for the construction of the 50 MW solar project near the village of Masrik in the province of Gegharkunik.
Read more -
May 26, 2017
Prequalification Process launched for Masrik-1 PV project in Armenia
Armenia Renewable Resources and Energy Efficiency Fund by the request of the Ministry of Energy Infrastructures and Natural Resources of RA is seeking private developers for the 55 MWp Masrik-1 solar photovoltaic (PV) power plant project.
Read more -
February 14, 2017
IFC arranges financing for Armenian hydroelectric power project
IFC, a member of the World Bank Group, has arranged a landmark US$140 million financing package for the Vorotan Hydropower Cascade, one of Armenia’s main power generating facilities, to bolster the country’s supply of clean energy.
Read more
