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Economy
Construction of largest solar power plant in Armenia jointly with Emirati company MASDAR will start in early 2026
Armenia and the UAE have agreed to begin the construction of the industrial-scale photovoltaic solar power plant "Ayg-1" in Armenia in early 2026.
09.04.2025, 11:28
Economy
Armenia to own 15% in Aig-1 project implemented jointly with Emirates’ MASDAR
Fifteen percent of Aig-1 project, designed to build the largest solar power plant in Armenia is to be handed over to the Armenian government.
05.11.2024, 14:24
Technology
Construction of Ayg-1 solar power plant in Armenia to start later this year
The construction of the Ayg-1 photovoltaic power plant in Armenia will kick off in the fourth quarter of this year, Armenian National Interest Fund (ANIF) CEO Davit Papazyan said during Armenia-UAE business forum in Yerevan.
18.09.2023, 16:12
Technology
Masdar to build second 200 MW capacity photovoltaic power plant in Armenia
Armenian President Armen Sarkissian, who is on a working visit to the UAE, held a meeting in Abu Dhabi with Masdar CEO Mohammed Jameel Al Ramahi to discuss the possibilities of developing cooperation in the fields of renewable energy, technologies, science and education, the presidential press service reported.
17.01.2022, 10:15
Technology
Masdar submits $15.5 million performance bank guarantee to develop Ayg-1 project
On November 26 an unconditional, irrevocable and on-demand Performance Bank Guarantee was submitted by the developer of Ayg-1 project, Masdar, in accordance with the Government Support Agreement (GSA) signed between the Government of Armenia and Masdar on the same day.
01.12.2021, 09:53
Technology
Armenian government to support Masdar in construction of Ayg-1 photovoltaic power plant
Under an agreement signed today by Armenia and UAE-based Masdar Company, the governmental of Armenia will show support for the company in construction of Aig-1 photovoltaic power plant with 200 megawatt capacity in Armenia.
26.11.2021, 19:28
Technology
Armenian government extends construction period of Aig-1 solar power plant
The Armenian government has decided today to extend the construction period of the Ayg-1 solar power plant from 180 days to 545 days.
24.06.2021, 14:08
Technology
Armenia to announce winner of tender for construction of Ayg-1 photovoltaic solar power station in 2021 February
The Armenian government has approved today the results of the pre-qualification round of an international tender announced for the construction of a photovoltaic solar power station "Ayg-1".
03.12.2020, 14:58
Technology
Abu Dhabi-based Masdar will invest $300 million in development of renewable energy in Armenia
The Abu Dhabi-based clean energy group Masdar will invest $300 million in the development of renewable energy in Armenia, the head of the presidential staff Emil Tarasyan told the parliament today.
09.06.2020, 16:23
Technology
Armenian government to prequalify companies for construction of Ayg-1 photovoltaic solar power plant
The Armenian government will prequalify companies for the construction of the Ayg-1 photovoltaic solar power plant, Deputy Prime Minister Tigran Avinyan said during a government meeting on Thursday.
21.05.2020, 15:21
Technology
Masdar to pursue 400 MW solar power capacity in Armenia
Armenian President Armen Sarkissian, who was in the United Arab Emirates on a working visit, was present last Saturday in Abu Dhabi at the official agreement signing ceremony between the Masdar company and the Armenian National Interests Fund (ANIF) for the joint development.
02.12.2019, 15:18
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In April 2025, 4,778 real estate purchase and sale transactions were made in the Armenian real estate market, compared to 4,528 transactions in April 2024 and 4,258 in March 2025.
In April, more than 4.7 thousand real estate purchase and sale transactions were made in Armenia, with the largest number of foreigners being Russian citizens
