Masdar wins tender for ‘Armenia’s biggest’ utility-scale solar project

The 200MW project will support the country’s transition to clean energy

EBRD provides $12.5m boost for Armenian green investment

The funds will help businesses invest in climate adaptation and mitigation technologies

Armenia looks to solar to step out of Russia’s shadow

Armenia is hoping to reduce its energy dependence on Russia by tapping into solar energy. A new policy paper released by the country’s government suggests with few fossil fuel resources available and its one nuclear power plant nearing the end of its operational life, Armenia is banking on renewables to reduce its dependence on Russia, […]

Armenian energy efficiency gets $30m boost

Armenia’s largest bank has signed a $30 million (£24.14m) loan agreement to help finance energy efficiency measures. AmeriaBank has signed the deal with responsAbility Investments, a Swiss finance company. Specifically, the money will go to one of the firm’s managed funds focusing on climate financing. The move hopes to support corporate energy efficiency measures in sectors such […]

Gazprom to secure gas supplies for Armenia this winter

Gazprom has announced it will be securing “reliable” gas suppliers to consumers in Armenia this winter. Gas reserves accumulation continues at the Abovyanskoye underground gas storage facility with the purpose of easing peak loads. The news comes as Alexey Miller, Chairman of the Russian company’s Management Committee met with Armenian Prime Minister Karen Karapetyan last […]

Armenia lent €5.5m for waste management

An investment worth €5.5 million (£4.4m) will be made for a waste management project in Armenia. The money from the European Bank for Reconstruction and Development (EBRD) will be used to extend a landfill to process waste from the Kotayk and Gegharkunik regions. The new landfill is the first in the country that is compliant with EU […]

LEDs to light up Armenia’s capital city

The capital city of Armenia has been granted a loan worth €1.9 million (£1.4m) to install energy efficient lighting. The current street lighting network in Yerevan consists of “old, inefficient and environmentally-polluting mercury-based lights”, according to the European Bank for Reconstruction and Development (EBRD). The project will help introduce LED lighting, a control and monitoring […]

$8.55m for geothermal exploration in Armenia

Armenia is receiving $8.5m (£5.3m) to explore for geothermal resources in the country. The World Bank’s ‘Geothermal Exploratory Drilling Project’ aims to find geothermal resources for power generation at the Karkar field. It plans to build a geothermal plant if the availability of resources are confirmed and helping reduce greenhouse gas emissions. The facility would have a […]

$4 million for street lights in Armenia

Armenia’s capital Yerevan will receive $4 million (£2.5m) to improve its street lightning. The loan comes from the European Bank for Reconstruction and Development (ERDB) and will be completed with $2 million (£1.2m) from the Eastern Europe Energy Efficiency and Environment Partnership (E5P). Yerevan’s street lightning network is considered an environmental risk. Its old structure and […]

Armenia-Georgia power link project lent €95m

The power line linking Armenia and Georgia is getting a boost, thanks to a €95.2 million (£68m) loan announced today. The European Investment Bank (EIB) said it is providing €10 million (£7.2m) while German bank KfW is lending €85.2 million (£61m) for the project. The cash will be used to build the new electricity transmission […]