Armenia has very high potential for solar energy ( average annual solar energy output per 1 m2 of the horizontal surface is 1720 kWh/m2 and one-fourth of the country has 1850 kW/m2 of solar energy per year).
Industrial PV stations
“Masrik 1” (55 MW) PV station International Tender
“Masrik 1” is the first ever industrial scale PV project in Armenia. A consortium of leading companies (Fotowatio Renewable Ventures B.V from the Netherlands and FSL Solar S.L. from Italy) offered an unprecedented low tariff of USD 0.0419 (AMD 20.11) VAT excluded.
Masrik-1 will be constructed in the Municipality of Mets Masrik, Gegharkunik region. This fully funded foreign investment will have the annual capacity to produce 120 mln kWh. The expected investment is about USD 50 mln.
Solar PV stations up to 1 MW
In 2016 the Public Services Regulatory Commission set the tariff for industrial solar PV stations with a capacity up to 1 MW. The total rated capacity is limited to 10 MW. According to PSRC data as of July 1, 2018, seven of the 12 licensed companies have launched with the remaining 9 currently under construction.
Solar PV stations up to 5 MW
In 2018 the PSRC set the tariff for industrial Solar PV stations with a capacity up to 5 MW at 23.864 AMD per Kwt. The total rated capacity is limited to 100 MW. Within a month electricity generation licenses were issued to six companies with a total capacity of 30 MW (5 MW capacity per plant).
Popularization of Autonomous Power producers
Within the framework of events aimed at stimulating the development of autonomous energy producers, the Republic of Armenia National Assembly ratified H0-262-N on December 21, 2017, which revised the 150 kWh net metering limit. As a result, 500 kWh was set as the limit for legal entities. There are legislative grounds for major energy consumers to execute the functions of autonomous power generators exclusively to meet their own needs. The RA Law “On Energy Efficiency and Renewable Energy” establishes a clause on the amount of non-provisional compensation for electricity supplied within the limits of electric energy transit for autonomous producers of renewable energy and electricity distribution licenses. The Law presents an improvement in energy transit timetable efficiency.
Development of solar technologies for non-gasified communities
In August 2017, the “Energy Efficient” loan program was launched for non-gasified communities within the Republic of Armenia in cooperation between the public-private sectors and financial institutions. The beneficiaries of this project include 38,242 families inhabiting 282 non-gasified communities who are expected to have the opportunity to take advantage of special financial tools and consume energy more efficiently. As of February, 2019, the projecthas been implemented in 126 communities, with 2083 Solar Water Heaters and 71 PV systems installed.
The Project results are apparent: as of 1 July 2019, 1145 autonomous energy producers are connected to the Energy Network of Armenia, with about 17 MW capacity. 88 with 2.43 MW total capacity are in the process of connecting.
As of December 1, 2018, there are 1654 Solar Water Heaters installed in non-gasified communities.