A Promising Future of Wind Power in Armenia
26 Sep, 2018

Interest in the construction of large wind farms is growing very fast from year to year in Armenia when the development of renewable energy sources is of primary importance for the new cabinet as well as for the public sector and stockholders.


This business or sector attracts many international company as well as their countries. The ministry of energy infrastructures and natural resources has reached agreements with a number of foreign companies on constructing wind power stations, aka wind farms, in Armenia, minister Arthur Grigoryan told a press conference on August.


He said that significant work in terms of wind power measurement and terrain studies have already been done, and continue.


He said that two major UAE-based companies have expressed willingness to construct wind power stations with the capacity of 200 MW. One company from the Czech Republic and one from Spain have also expressed willingness.


"These are very important electricity sources, for which the government must do everything in order for these directions to also develop" he said.


Note that on July, the minister Grigoryan received the Executive Director at Access Company Vahid Fotuhi. Prospects for wind energy development were discussed at the meeting.


Stressing the importance of construction of wind stations in Armenia, Grigoryan expressed willingness to discuss proposals and projects which can give a new impetus to the implementation of the program.


The parties discussed the program of construction by the Access Infra Central Asia Limited of a 130-megawatt electric power plant in Gegharkunik province. Fotuhi said that Access Company is ready to invest $200 million in construction of wind power plants in Armenia's other provinces.


Grigoryan, on his side, said that necessary groundwork is laid for mutually beneficial cooperation and favorable environment is created for making successful investments in Armenia.


Many news and recent information about wind energy in Armenia and the region will be declared during the "Energy Week Armenia" #EWA2018 that will be held in Yerevan Marriott Hotel from 14 to 16 November 2018. Check the link: Armenia Energy Week

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