EU to support PV power plant in Armenia

• Private equity fund Amber Capital Armenia, supported by the European Bank for Reconstruction and also Development (EBRD) and the European Union (EU), has actually gotten Solis LLC, an Armenian solar plant driver, to build as well as operate a 4 MW PV power plant in Aragatsotn, western Armenia.

The facility is expected to be operational by the end of 2021 and also produce 7.5 GWh per year. The power plant will contribute to Armenia's green recuperation as well as develop around 50 jobs in building and plant operations.

Ecoville LLC, service business for development as well as building and construction of commercial ground-mounted solar energy plants as well as roof PV systems in Armenia, has been granted the engineering and also building and construction contract for the project in a competitive tender procedure.

This is the very first project financed by EU-Armenia SME Fund, taken care of by Amber Capital; the personal equity fund seeks to buy practical tiny as well as medium-sized business (SMEs) in Armenia.