Fotowatio Renewable Ventures (FRV) together with its unit FSL Solar will build the 55 MW Masrik-1 solar photovoltaic project located Masrik, Gegharkunik province, Armenia.
The company has won the project from a solar tender held by the Armenia Renewable Resources and Energy Efficiency Fund with a bid of USD 0.0419 per kWh.
The facility, aimed to commence its commercial operation by 2020, will be constructed in a 100 hectares site and can generate enough power for the consumption of 21,400 homes offsetting about 54,000 tonnes of carbon dioxide (CO2) emissions per year. The construction phase is expected to generate up to 300 job positions.
Country updates
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May 15, 2018
The government of Armenia has issued a letter of award (LoA) to Fotowatio Renewable Ventures (FRV) and its unit FSL Solar for the construction of the project
The government of Armenia has issued a letter of award (LoA) to Fotowatio Renewable Ventures (FRV) and its unit FSL Solar for the construction of the project. Construction is expected to start later this year and be completed by 2020
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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 winnin...
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February 16, 2018
Debed Hydro LLC has awarded a contract to Poyry to perform engineering and consulting services related to the hydropower project
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November 08, 2017
The plant went online
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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 c...
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