Climate Finance
Armenia is building out its renewable energy capacity. Construction on the South Caucasus country’s first ever solar plant is expected to begin in 2017 and be completed by 2020.
The 40 to 50-megawatt plant in the east-central part of the country is part of a $58 million program to improve the country’s capacity for alternative energy generation.
Armenia is heavily dependent on Russian uranium and imported natural gas to run its nuclear and thermo plants.
The Armenian government expects to open bids for the solar farm later this year.
Photo credit: EU-Armenia Web Portal on Renewable Energy
