Рейтинг@Mail.ru
ARKATELECOM
|
ARMBANKS
USD
381.43
EUR
440.89
RUB
4.8627
GEL
141.17
Monday, December 1, 2025
weather in
Yerevan
-1
NEWS » Economy » Armenia achieved strategic solar energy targets four years ahead of schedule – Minister
Economy

Armenia achieved strategic solar energy targets four years ahead of schedule – Minister

28.10.2025, 15:22
Armenia has reached its strategic goal for the total capacity of solar energy facilities four years ahead of the planned timeline, as stated by Minister of Territorial Administration and Infrastructure David Khudatyan.

-
-


-

Armenia achieved strategic solar energy targets four years ahead of schedule – Minister

YEREVAN, October 28. /ARКА/. Armenia has reached its strategic goal for the total capacity of solar energy facilities four years ahead of the planned timeline, as stated by Minister of Territorial Administration and Infrastructure David Khudatyan.

"We have successfully met the strategic objective set for 2030—exceeding 1,000 MW of solar power plant and installation capacity. This indicates that we did not prematurely end the subsidy program; rather, we have accomplished the targets for which it was initiated ahead of schedule," Khudatyan remarked, addressing concerns regarding the reduction of subsidies for solar panel installation in 2026.

Khudatyan clarified that the cessation of the subsidy program is conditional, as the 2026 state budget allocates funds for the continued financing of interest rates.

"We intend to maintain the subsidy program, but we are solely focusing on supporting the installation of solar panels in conjunction with battery storage systems. This proposal is currently under review. It is also possible to provide separate subsidies for the installation of batteries at existing solar power plants. The rationale is straightforward: the existence of 1,000 MW solar power plants presents certain challenges for Armenia's energy system," Khudatyan explained.

He noted that the prime minister has emphasized the importance of not obstructing the sector's development through administrative measures. "We are committed to progressing along this path. However, we must recognize that there are specific challenges associated with the fact that solar power plants generate electricity only during certain hours of the day and exhibit significant seasonality. This introduces a degree of instability into the energy system. Nonetheless, our energy sector is currently managing the task of maintaining the stability of the energy system," Khudatyan highlighted.

The minister indicated that the initiation of a new subsidy program is under consideration, but it will either be exclusively in conjunction with battery storage stations or solely for battery storage systems.

According to Armstat, thermal power plants account for 30.4% of the total electricity generation, 26.3% for nuclear power plants, 26.1% for hydroelectric power plants, 17.2% for solar power plants, and 0.02% for wind power plants. From January to September 2025, electricity generation amounted to almost 6.7 billion kWh.-0-

 

-

-

 

 

-

 



#ENERGY
#RATE
Concrete Plant Operations Suspended in Yerevan Due to Environmental Violations
The illegal operation of a concrete plant in Yerevan has been suspended, the Environmental and Mineral Resources Inspectorate reports.
28.11.2025 14:01
Investment policy monitoring and evaluation system will be implemented in Armenia
At a meeting on Thursday, the Armenian government decided to develop and implement an investment policy monitoring and evaluation system.
27.11.2025 17:56
The Armenian Parliament will discuss the draft 2026 state budget next week
The draft 2026 state budget of Armenia will be discussed in the National Assembly next week, Prime Minister Nikol Pashinyan announced at a government meeting on Thursday.
27.11.2025 13:09
A fire is raging in Dilijan National Park; hundreds of firefighters, environmental patrols, and volunteers are involved in extinguishing it
Severe fires have been raging in Dilijan National Park for the second day.
26.11.2025 11:57
Armenia's budget deficit for the first nine months amounted to 0.73% of GDP, compared to the projected 5.5% for 2025 – WB
Armenia's cumulative budget deficit from the first to third quarters reached 0.73% of the annual projected GDP, compared to the projected 5.5% of GDP for 2025. This is stated in the World Bank's "Armenia Monthly Economic Update – November 2025."
26.11.2025 11:14
Armenia Contemplates Introduction of Annual Migrant Quotas
The Interior Ministry of Armenia is suggesting the introduction of annual quotas for labor migrants.
25.11.2025 19:08
Drop in Armenian exports and imports eased in September due to gradual cessation of re-exports – WB
In September, contraction in Armenian exports and imports moderated due to the phasing out of re-exports, according to the World Bank’s Armenia Monthly Economic Update – November 2025.
25.11.2025 17:49
Armenia's economic activity growth exceeds expectations for nine months- World Bank
In September, growth in Armenia’s economic activity was robust at 10.5 percent (yoy), up from 7.5 percent (yoy) in August, according to World Bank’s Armenia Monthly Economic Update – November 2025.
25.11.2025 16:07