Abu Dhabi-based Masdar will invest $300 million in development of renewable energy in Armenia
09.06.2020,
16:23
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.
YEREVAN, June 9. /ARKA/ 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.
Last December the Abu Dhabi-based clean energy group Masdar entered into a formal agreement with the Armenian National Interests Fund (ANIF) to develop 400 MW of PV capacity in Armenia, with a projected investment of up to $320 million.
The first part of the deal involves the construction of a 200 MW solar plant in Talin and Dashtashen communities of western Aragatsotn province, using bifacial technology.
However, the broader agreement also includes the development, construction, operation and maintenance of ground-mounted PV installations, floating solar arrays, and wind farms, according to ANIF.
The agreement on the construction of solar plant was reached during Armenian President Armen Sarkissian's visit to Abu Dhabi late last year. In the framework of the visit President Sarkissian visited also the Masdar company in Abu Dhabi and Masdar City innovative city.
Masdar Clean Energy is a leading developer and operator of utility-scale renewable energy projects, community grid projects, and energy services consultancy. It is present in UAE, Jordan, Mauritania, Egypt, Morocco, UK, Serbia and Spain.
Armenian National Interests Fund (ANIF) is a foreign direct investment fund operating under the Government of Armenia to co-invest alongside top global investors and industrial partners in large-scale projects in Armenia. Its mandate is to be a proactive investor and partner in the region in order to generate and facilitate investments in crucial sectors of the economy and infrastructure. -0-
Last December the Abu Dhabi-based clean energy group Masdar entered into a formal agreement with the Armenian National Interests Fund (ANIF) to develop 400 MW of PV capacity in Armenia, with a projected investment of up to $320 million.
The first part of the deal involves the construction of a 200 MW solar plant in Talin and Dashtashen communities of western Aragatsotn province, using bifacial technology.
However, the broader agreement also includes the development, construction, operation and maintenance of ground-mounted PV installations, floating solar arrays, and wind farms, according to ANIF.
The agreement on the construction of solar plant was reached during Armenian President Armen Sarkissian's visit to Abu Dhabi late last year. In the framework of the visit President Sarkissian visited also the Masdar company in Abu Dhabi and Masdar City innovative city.
Masdar Clean Energy is a leading developer and operator of utility-scale renewable energy projects, community grid projects, and energy services consultancy. It is present in UAE, Jordan, Mauritania, Egypt, Morocco, UK, Serbia and Spain.
Armenian National Interests Fund (ANIF) is a foreign direct investment fund operating under the Government of Armenia to co-invest alongside top global investors and industrial partners in large-scale projects in Armenia. Its mandate is to be a proactive investor and partner in the region in order to generate and facilitate investments in crucial sectors of the economy and infrastructure. -0-
