Solar Energy Investment Opportunities Discussed in Yerevan

Solar Energy Investment Opportunities Discussed in Yerevan


Today the opening ceremony for the Energy Week-2017 was launched which is conducted in the framework of the Solar Energy Investment Conference and was opened by Armenia’s Renewable Resources and Energy Efficiency Fund Director Tamara Babayan. Armenian President Serzh Sargsyan and World Bank Country Manager in Armenia Laura Bailey had opening speeches.
' In coming years, we are planning to dramatically increase the share of renewable energy in the general energy “balance sheet” through the construction of solar, wind, and thermostations,' Armenian Presidnt Serzh Sargsyan said.

It is necessary to note that in recent years the cost of technologies for solar photovolt panels has decreased by nearly 80%. For that very reason, compared to other technologies for energy production, the industrial-scale technology for solar photovolt panels has become competitive. 'The preliminary studies show that thanks to these modern technologies currently it has become possible to get a competitive price for solar photovolt panels which in turn will allow to avoid negative impact on the set energy price for the ultimate consumers. Thus, the world famous companies have every opportunity to participate at the tenders in Armenia and to build great capacity solar photovolt panels,' Armemian President particularly said.

' World Bank Group continues its efforts in the direction of investments, policy dialogue and technical assessment,' World Bank Country Manager in Armenia Laura Bailey said in her speech. She particularly drew the attention on the development of solar energy in Armenia.

RA Deputy Minister for Infrastructures and Natural Resources Hayk Harutyunyan presented the trends of sustainable energetic developments in Armenia: he outlined that Armenia has favourable investment atmosphere in this sector.


14:52 January 25, 2017

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