Armenia s solar power generation and energy storage prospects

4 FAQs about Armenia s solar power generation and energy storage prospects

Why do Armenians use solar energy?

The reason for this is that average solar radiation in Armenia is almost 1700 kWh/m 2 annually. One of the well-known utilization examples is the American University of Armenia (AUA) which uses it not only for electricity generation, but also for water heating. The Government of Armenia is promoting utilization of solar energy.

How much solar energy does Armenia produce a year?

According to the Ministry of Energy Infrastructures and Natural Resources of Armenia, Armenia has an average of about 1720 kilowatt hour (kWh) solar energy flow per square meter of horizontal surface annually and has a potential of 1000 MW power production.

What is solar power potential in Armenia?

Solar power potential in Armenia is 8 GW according to the Eurasian Development Bank. The reason for this is that average solar radiation in Armenia is almost 1700 kWh/m 2 annually.

What is Armenia's energy-saving potential?

As Armenia's largest energy-consuming sector, buildings account for nearly 40% of the country's total electricity demand and more than 25% of its gas demand. Estimated energy-saving potential ranges from 40% to 60% across residential, public and commercial buildings, depending on interventions.

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Solar power in Armenia

Solar energy is widely available in Armenia due to its geographical position and is considered a developing industry. In 2022 less than 2% of Armenia''s electricity was generated by solar power.

Solar energy storage in Armenia

Armenia, with 300+ annual sunny days, is quietly becoming a testbed for high-altitude solar innovation. Last month, the government approved a 40% renewable energy target by 2030 –

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If in 2021 the share of solar energy in the total volume of electricity production in Armenia was 1.2%, then in 2024 it will be ten times more – 11.9%. This remarkable growth

ARMENIA ENERGY STORAGE PROGRAM

Two studies were carried out to support the Government of Armenia''s energy storage program. “Energy Modeling and Economic/ Financial Analyses” study “Legal and Regulatory Review

Armenia Energy Storage Economic and Financial Analysis

This report analyzes the economic and financial viability of battery storage solutions to ensure the reliable and smooth operation of Armenia''s power system in the context of an increasing share

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