03.04.2018|https://www.pv-magazine.com
Armenia’s Ministry of Energy Infrastructure and Natural Resources announced that Spanish solar project developer, Fotowatio Renewable Ventures (FRV), was awarded the contract to build the 55 MW Masrik-1 solar project through the tender it issued in May.
The tendered 55 MW solar park will be located in Masrik, Gegharkunik province, eastern Armenia, and will require an investment of around €50 million, the Armenian government said. The facility must start generating power by the end of 2020.
On the top of the support it is providing for big solar parks, the Armenian government is also providing incentives for PV projects up to 1 MW.
