Armenia Masdar Solar PV Park is a 200MW solar PV power project. It is planned in Aragatsotn, Armenia. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025. Buy the profile here.
Description
The project is being developed by Abu Dhabi Future Energy. Abu Dhabi Future Energy and Armenian National Interest Fund are currently owning the project having ownership stake of 85% and 15% respectively.
Armenia Masdar Solar PV Park is a ground-mounted solar project which is planned over 500 acres.
The project cost is expected to be around $270.344m.
Development status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.
For more details on Armenia Masdar Solar PV Park, buy the profile here.
About Abu Dhabi Future Energy
Abu Dhabi Future Energy Co (Masdar), a subsidiary of Mubadala Investment Co, is a renewable energy company. The company mainly focuses on solar and wind power projects such photovoltaic power, concentrated solar and offshore and onshore wind farms. Masdar invests in and contributes to innovative projects such as utility-scale power plants, community grid projects, and individual solar home systems. The company also focuses on advancing cleantech innovation and offers energy services consultancy. It is also involved in sustainable urban development, building, and deploying advanced technologies such as reverse osmosis seawater desalination plants. The company develops projects in the Middle East and North Africa (MENA) and other regions. Masdar is headquartered in Masdar, Abu Dhabi, the UAE.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
