Masdar enlisted to bring bifacial to Armenia as part of 400MW PV push

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The 400MW PV pipeline will require investments of around US$300-320m and start with a 200MW bifacial plant (Image credit: ANIF)

United Arab Emirates (UAE) firm Masdar has been selected to help deliver a new major solar pipeline in Armenia, a still-dormant PV market boasting relatively high irradiation potential.

Over the weekend, a deal was rubberstamped in Abu Dhabi that will see the Middle Eastern player deploy a 400MW PV pipeline in the Caucasus state, in partnership with national fund ANIF.

The joint development agreement (JDA), inked with Armenian president Armen Sarkissian in attendance, will see bifacial deployed in the three-million-inhabitant country.

According to the deal signatories, the 400MW pipeline will require investments of around US$300-320 million and start with a 200MW plant in west Armenia, set to feature two-sided PV modules.

The weekend’s deal marks a step-up from the memorandum of understanding Masdar and ANIF already signed in July, which foresaw work on ground-mount (200MW) and floating PV (200MW).

The statement between Masdar and ANIF – a state-run fund that co-invests in Armenian projects alongside global financiers – sought to build a case for the country’s solar potential.

According to the document, Armenia’s solar irradiation levels of 1,720kWh/m2 and 200-plus rivers and lakes make the Caucasus state a sound fit with PV both on land and water.

The country has only 50MW in up-and-running solar but is eyeing significant growth in coming years, with 250MW already cleared for construction and a further 700MW under planning.

The former Soviet state – home today to a 2.8GW nuclear, hydro and thermal power energy sector – is working towards a target to source 30% of its electricity from renewables by 2025.

The deal in Armenia marks the second time, in the space of just a few days, that the UAE’s solar expertise is tapped into by a foreign country.

Late last week, it emerged Zimbabwe had enlisted the help of Crown Prince Sheikh Mohammed bin Zayed Al Nahyan to install 2GW of solar and stave off the worst of a long-running power crisis.

The deal announced by Zimbabwe president Emmerson Mnangagwa foresees the roll-out of a first 1GW of solar projects, as well as the use of a major dam on Lake Kariba as an impromptu storage battery.

Read Next

PV Tech Premium
November 19, 2021
In recent years the solar industry has seen some of the largest and cheapest contracts awarded in the MENA region. But with concerns over component price and availability, what can the industry expect from the solar sector in the MENA region in the medium-term?
November 8, 2021
Abu Dhabi has said it will bring its renewables capacity up to 8.8GW by 2025 as it seeks to reduce emissions associated with power generation by 50% over the next decade.
October 19, 2021
Shortlisted bids in Saudi Arabia’s latest solar tender have jumped significantly on the lowest price recorded in the country’s previous renewables programme, reflecting the hikes in PV equipment costs in recent months.
September 29, 2021
Island Green Power is to develop two solar PV projects totaling over 1GW on former coal power station sites in the UK.
September 28, 2021
Investment manager Quinbrook Infrastructure Partners has acquired a 350MW solar-plus-storage site expected to be the largest single site PV install in the UK once completed.
September 17, 2021
BP, Abu Dhabi National Oil Company (ADNOC) and Masdar have partnered up to develop low carbon hydrogen hubs and create decarbonised air travel corridors between the UK and UAE in a deal that will see “billions” of dollars of investment.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
December 1, 2021
Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal