Sectorial Brochure Energy Sector of Armenia/BA | Page 7
RENEWABLE ENERGY
CAPACITIES
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Solar: The total resource potential for utility-scale solar PV is over 6500 MW
Wind: Measured capacity is more than 800 MW
Geothermal: Measured capacity of the first site is 30 MW
Hydro: Upgrading SHPP with the total capacity of 400 MW
Biomass: Annual potential for receiving biomass is about 135 million m³
WIDE RANGES OF INCENTIVES
Well-designed reforms enable private sector involvement in renewable energy
technology development
£ The Armenian government emphasizes the importance of renewable energy
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and energy e ciency in addressing energy security
The government supports in prioritization of the sector for new investments
Unbundling and privatization of the energy sector since 1995
Establishment of the sector Regulator
Supporting financial sustainability: Installing meters, Bringing tari s to cost
recovery levels, Increasing transparency in collections and billing
Favorable laws and regulations
£ The government guarantees to purchase with feed-in tari s of all electricity
produces by renewable plants for the next 20 years
£ The government guarantees to purchase with feed-in tari s of all electricity
produces by small hydro plants for the next 15 years
£ Feed-in tari s (excluded VAT) for small PPs are adjusted based on inflation and
exchange rate
£ Common energy market with Eurasian Economic Union (Republics of Armenia,
Belarus, Kazakhstan, Kirgizia and Russian Federation)
MARKET STRENGTHS
£ The open and competitive bidding process in the energy is carried out by the
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government of Armenia to pick investment projects
The stability of energy sector in Armenia is more typical for developed countries
A wide variety of siliceous raw materials of numerous genesis and morphology
Highly competitive in silicon and polysilicon manufacturing
200 small rivers
Favorable climate conditions
Professionals with extensive scientific and engineering expertise
Cost-e ective workforce
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