By 2030, solar power plants will be able to satisfy up to 30% of Armenia’s domestic needs

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YEREVAN, December 20. /ARКА/. By 2030, solar power plants are expected to satisfy up to 30% of Armenia’s domestic needs, Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan said at an event held in the framework of the EU-UNDP regional program “EU Climate Action”.

“Our studies show that thanks to investments, solar energy production can reach 15% of the total electricity production by 2030, or 30% or even more of domestic energy consumption,” Vardanyan said.

According to the deputy minister, the government’s energy policy is aimed specifically at the expansion of the use of renewable energy sources.

“At the moment we do not have large solar power plants, but their construction is already underway. Progress has been made in the construction of autonomous power plants with a capacity of up to 500 kW,” Vardanyan said.

In his words, there are now 1,649 solar power plants in the country with a total capacity of 2.9 MW. According to the deputy minister, until December 2022 their capacity is expected to reach 100 MW, while the number of plants to exceed 5,000. “By 2024, we expect to have power plants with a total capacity of 400 MW, and by 2030 – 1000 MW,” he said.

Vardanyan also said a $14 million grant agreement was signed with the EU, which will be spent on energy-efficient measures in residential buildings.

“We came to the conclusion that saving 1 kW of electricity is more profitable than generating as much of electricity,” he said.

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