Armenia Masdar Solar PV Park is a 200MW solar PV power project. It is planned in Aragatsotn, Armenia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 200 | – | 200 | Permitting | Aragatsotn, Armenia | Abu Dhabi Future Energy |
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Description
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The project is being developed and currently owned by Abu Dhabi Future Energy. The company has a stake of 85%.
Armenia Masdar Solar PV Park is a ground-mounted solar project which is planned over 500 acres.
The project cost is expected to be around $289.478m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
About Abu Dhabi Future Energy
Abu Dhabi Future Energy Co (Masdar), a subsidiary of Mubadala Investment Co, is a renewable energy company. The company mainly focuses on solar and wind power projects such photovoltaic power, concentrated solar and offshore and onshore wind farms. Masdar invests in and contributes to innovative projects such as utility-scale power plants, community grid projects, and individual solar home systems. The company also focuses on advancing cleantech innovation and offers energy services consultancy. It is also involved in sustainable urban development, building, and deploying advanced technologies such as reverse osmosis seawater desalination plants. The company develops projects in the Middle East and North Africa (MENA) and other regions. Masdar is headquartered in Masdar, Abu Dhabi, the UAE.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
