The Armenian government is looking to expand the country’s renewable energy capacity with an ambitious plan to build two new solar power plants.
This month, the government finalized a deal with United Arab Emirates-based renewable energy company Masdar to build the first plant by 2025.
The 200-megawatt plant, to be known as Ayg-1, will become the country’s largest solar power plant and will have nearly half of the current capacity of Armenia’s main energy generator, the Metsamor nuclear power plant․
According to the government, Masdar was “the initiator of the investment project.” Following Masdar’s offer, the government announced an international tender for a large-scale solar power plant in 2019. Masdar was given the opportunity to beat the lowest tariff proposed by any other company.