In November 2021, Masdar signed an agreement with the Government of the Republic of Armenia to design, finance, build, own and operate a utility scale solar photovoltaic (PV) project between the communities of Talin and Dashtadem in the Aragatsotn Marz region.
The 200-megawatt (MWac) project will be Armenia’s largest utility-scale solar plant.
Solar radiation is high in the plant’s location and the land is unusable for agricultural purposes. It will span over 500 hectares and create numerous direct and indirect jobs.
The project company is 85 percent owned by Masdar, with the Armenian National Interests Fund (ANIF), a government-owned investment vehicle, holding 15 percent.
Armenia is looking to increase the share of renewables in its energy mix and reduce its dependence on imported oil and gas. The country also has significant solar energy potential.
Aragatsotn Marz region
Project Completion Year