|Policy status:||In Force|
|Date Effective:||2014 (April)|
|Policy Type:||Policy Support>Strategic planning|
|Renewable Energy Policy Targets:||Multiple RE Sources, Power, Wind, Solar, Geothermal, Hydropower|
|Policy Sector:||Electricity, Framework Policy|
|Size of Plant Targeted:||Small and Large|
|Renewable Energy Description:|
Scaling Up Renewable Energy Program for Armenia (SREP Armenia) was published in April 2014. It is an update to the Renewable Energy Roadmap from 2011.
The SREP establishes new renewable energy production targets and underlines importance of the renewables deployment in a context of aging conventional energy generation infrastructure of Armenia. The RES deployment would increase Armenia’s energy security, lower its contributions to the climate change and create new employment opportunities. The government of Armenia recognizes importance of large and small scale RES projects deployment and lowering investment risks for interested parties.
Renewable energy targets:
Potentials study indicates, that the main geothermal site of Armenia – Karkar, has possible output of 28,5 MW. Appropriate funding from the government will be provided for further exploratory drilling.
SREP funding will be used to develop roughly 40-50 MW of utility-scale solar PV. This is due to falling costs of solar PV panels and abundant solar resources in Armenia. The SREP support will help to catalyse private investment in first projects and show the potential of the market to the investors.
Last modified: Tue, 30 Aug 2016 10:32:42 CEST