In recent years, the field of solar energy in Armenia has developed rapidly, solar power plants with a total installed capacity of 1,045 megawatts are already connected to Armenia’s power system, exceeding the target set by the national strategy, this progress has been facilitated by state policies implemented in various directions and the programs derived from them. Ahead of World Energy Saving Day, Hovhannes Abrahamyan, Head of the Energy Regional Markets Department of the Ministry of Territorial Administration and Infrastructure of Armenia, said at a press conference that the number of solar power plants in the country has increased significantly, he emphasized that this primarily concerns autonomous plants installed by citizens for their own needs. “The state has been implementing a subsidy program for several years now, under which citizens who purchase solar power plants through loans receive an interest rate subsidy, moreover, the amount of this subsidy is higher in the regions, especially in border areas, than in Yerevan, in border areas, the subsidy rate is 14 percent, in Yerevan 9 percent, in other urban areas 11 percent, and in rural communities 12 percent,” said Hovhannes Abrahamyan. In 2022, the program was launched with the state allocating 40 million drams in its first year, in the following years, demand grew so significantly that in the most recent year, the funding reached into the billions of drams. Since the purchase of solar power plants is carried out through loan programs, the government will continue allocating financial resources for another seven years to cover interest payments. Throughout the duration of the program, more than 34,000 beneficiaries have been registered, residents of the Ararat, Kotayk, Armavir, and Gegharkunik provinces, as well as Yerevan, have been particularly active participants. Abrahamyan noted that the program was halted this summer, the possibility of continuing it in a different format is currently being considered. In particular, at this stage, the significant increase in solar power plants has created certain challenges for managing Armenia’s energy system, however, as Abrahamyan emphasized, this does not mean that the development of the solar energy sector will come to a halt. The government and the ministry are exploring alternative ways to further increase the share of solar power plants, according to the official, one of the main promising options is the establishment of energy storage facilities (batteries), at present, the government is working to regulate the legal framework for these facilities, once the corresponding legislative framework is finalized, the details of the storage plant construction program will be clarified. The state also plans to promote the construction of solar power plants that include an energy storage component.
