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:
21% of RES in total power generation
26% of RES in total power generation
Renewable energy generation capacity and production targets 2020-2025
Capacity installed (MW)
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.