Masrik 1 Solar PV Park is a 62MW solar PV power project. It is planned in Gegharkunik, Armenia. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the under construction stage. It will be developed in a single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2025. Buy the profile here.
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Description
The project is being developed by Fotowatio Renewable Ventures, FRV Masrik and FSL Solar. Fotowatio Renewable Ventures and FSL Solar are currently owning the project having ownership stake of 75% and 25% respectively.
Masrik 1 Solar PV Park is a ground-mounted solar project which is planned over 100 hectares.
The project is expected to generate 150,000MWh electricity and supply enough clean energy to power 21,400 households. The project is expected to offset 54,000t of carbon dioxide emissions (CO2) a year.
Development status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2025.
Power purchase agreement
The power generated from the project will be sold to Electric Networks of Armenia under a power purchase agreement at the rate of $0.041kWh.
Contractors involved
Jinko Solar will be the supplier of the PV modules for the solar power project. The company is expected to provide 180,000 modules each with 320W of nameplate capacity.
For more details on Masrik 1 Solar PV Park, buy the profile here.
About Fotowatio Renewable Ventures
Fotowatio Renewable Ventures BV, a subsidiary of Abdul Latif Jameel Energy and Environmental Services, is a provider of renewable energy solutions. It offers engineering, procurement and construction, operation, maintenance, administrative, technical, and legal consulting services. It develops, constructs, finances, operates, and manages solar energy projects across countries. The company is headquartered in Madrid, Spain.
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