RA Government Intends To Increase Capacity of Solar and Wind Energy To 2000 MW By 2040

RA Government Intends To Increase Capacity of Solar and Wind Energy To 2000 MW By 2040

RA government is amending the strategic plan for the development of RA energy sector, which is planned until 2040. The executive plans to increase the capacity of renewable energy to 2000 MW by 2040, out of which 1500 MW will be solar and 500 MW will be wind energy.

At the session held on October 26, 2023, the executive board adopted resolution "On making amendments and additions to resolution N 48-Л of the Government of the Republic of Armenia of January 14, 2021".

As a result, the share of electric energy produced using renewable energy resources in the gross final consumption of electric energy in 2030, including large hydropower plants, will reach about 50%, whereas it will reach about 60% by 2040.

According to the analysis, Armenia can have a completely carbon-neutral electric power system, if atomic and renewable energy develop in parallel. The document states that small modular reactors will also be considered when choosing a new nuclear power plant.

The construction of large hydropower projects with a capacity of 100 MW of "Meghri" HPP, 75 MW of "Shnogh" HPP and 66 MW of "Lori-berd" HPP will remain a project of state significance. They will be built when there is a need to build such capacities in the electric power system.

With the new changes, the construction of the largest 200 MW solar plant "Aig 1" in Armenia is postponed by one year - from December 2024 to December 2025.

October 30, 2023 at 16:52