Country:Armenia
Year:2014 (April)
Policy status:In Force
Date Effective:2014 (April)
Policy Type:Policy Support>Strategic planning
Policy Target:Multiple RE Sources>Power, Wind, Solar, Geothermal, Hydropower
Policy Sector:Electricity, Framework Policy
Size of Plant Targeted:Small and Large
URL:https://www.climateinvestmentfunds.org/cif/sites/climateinvestmentfunds.org/files/Armenia%20SREP%20Investment%20Plan_final.pdf
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:

2020

21% of RES in total power generation

2025

26% of RES in total power generation

 

Renewable energy generation capacity and production targets 2020-2025

 

Capacity installed (MW)

Generation (GWh)

 

2020

2025

2020

2025

Small Hydro

377

397

1049

1106

Wind

50

100

117

232

Geothermal

50

100

373

745

Solar PV

40

80

88

176

Total

492

677

1627

2259

 


SREP recognises geothermal and solar technologies as cost-effective and most feasible to deploy.

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