Armenian Solar PV Plants
The Climate Investment Funds and the World Bank allocate grant and soft loans to the Government of Armenia for the project. 6 sites have been selected for the construction of solar PV plants of about 110 MW total capacity. The 6 sites are: Masrik-1 – 55 MWp, Masrik 2 – 19 MWp, Gagarin – 15 MWp, Talin 2 – 12 MWp, Merdzavan – 5 MWp, Dashtadem – 12 MWp,
In May 2018, the Government of Armenia issued a letter of award to a consortium of Fotowatio Renewable Venture B.V.(FRV) and FSL Solar for Masrik-1 project. Another five solar projects are expected to be launched in a second round of competitive bidding in the near future.