EU-Armenia SME Fund has commissioned a 4 MW photovoltaic (PV) solar power plant in Partizak community of Aragatsotn region, Armenia, as Amber Capital CJSC informs.
Under the press release, the construction works were carried out by Ecoville and project financing was provided by Ameriabank.
The total expected annual generation of the power plant is c. 7.8 GWh, which is equivalent to the annual consumption of c. 2,000 Armenian households. As a result of the power plant’s operations, savings on CO2 emissions is c. 3,200 tons per annum - equivalent to planting approximately c. 120,000 trees or taking c. 1000 cars off the roads. During the construction process, approximately 100 jobs were created for the local community, aiding development in rural areas.
In addition to promoting the green agenda of Armenia, the PV plant helps to re-balance the energy matrix of the country, reducing reliance on imported energy sources and positioning the country for an environmental-friendly and sustainable future.
It should be noted that EU-Armenia SME Fund, a private equity fund managed by Amber Capital and sponsored by the European Bank for Reconstruction and Development (EBRD) and the European Union (EU).
November 25, 2021 at 13:14