The Masrik-1 plant, developed by Fotowatio Renewable Ventures (FRV), marks a significant step forward for Armenia in its commitment to clean energy. clean energy. With 55 MWac of installed capacity and located on 130 hectares, this facility is positioned as the largest photovoltaic plant in Armenia.
Masrik-1 plant capacity
Masrik-1 has the capacity to supply more than 21,400 Armenian households and avoid the emission of about 54,000 tons of CO₂ per year.
[post_relacionado]The electricity generated is directly integrated into the national grid through a PPA contract signed with Electrical Networks of Armenia (ENA), which guarantees its safe and efficient distribution.
This is the company’s first plant in Armenia. Source: FRV Fotowatio Renewable Ventures
Construction was executed by China Machinery Engineering Corporation (CMEC), in coordination with Armenian government agencies. In terms of financing, the project was backed by key institutions such as the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), the European Union and Ameriabank. This support structure reinforces international confidence in Armenia’s solar potential.
With Masrik-1, FRV reaffirms its global presence and commitment to sustainability. Currently, the company operates nearly 3 GW of renewable capacity in countries such as Spain, Mexico, Australia and Jordan. This plant in Armenia is its first foray into the country and is part of an expansion strategy that prioritizes projects with a high social and environmental impact.
Armenia and its solar potential
Armenia’s geography offers optimal conditions for solar generation. Masrik-1 is taking advantage of this natural resource at a time when the country is seeking to diversify its energy matrix and reduce dependence on fossil fuels. The FRV installation sets a precedent for future photovoltaic initiatives in the region.
Masrik-1 thus becomes a concrete example of how public-private collaboration, international investment and renewable technology can converge to drive a country’s energy transformation.
Source and photo: Fotowatio Renewable Ventures (FRV)