Gain comprehensive insights into the statistics and metrics surrounding the solar production industry in Armenia
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Armenia Solar Report
Gain comprehensive insights into the statistics and metrics surrounding the solar production industry in Armenia
Key points
Yearly sunshine (sun hours per year)
On average, the total annual amount of sun is 2630 hours.
kWh per kWp installed
On average, each kilowatt of installed solar capacity can generate 7.30 kWh per day in summer, 3.95 kWh per day in autumn, 2.71 kWh per day in winter, and 5.58 kWh per day in spring.
Average cost per kWh from utility company
The residential electricity price in Armenia is USD 0.112 including the cost of power, distribution and transmission, and all taxes and fees.
Reliability of electrical power supply grid
Detailed Information
As of 2024, Armenia’s total installed solar power capacity is 402 MW.
Armenia plans to significantly expand its solar energy capacity.
Nuclear
Exact tariff details are not given but the following information is available:
Nuclear
Natural gas
Wind
Solar
Geothermal
Exact unit price is not given but the following details are available:
While the exact number of hours of power shortages in Armenia today is not readily available
Current installation
As of December 1, 2022, the Armenian Energy Agency reports that 9,835 autonomous solar producers are now connected to the Armenian power grid.
Projected installations
Total projected number is not available but;
Installed Solar Farms
Currently, 60 licensed solar power plants are working in Armenia.
Projected Solar Farms
There are 11,122 grid-connected solar systems are currently in pipeline.
Current Demand for Off-Grid Solar in Armenia
Future Demand for Off-Grid Solar in Armenia
Current Demand for Solar Panels in Armenia
Future Demand for Solar Panels in Armenia
A Solar Photovoltaic Installer working in Yerevan would typically earn the following amounts:
The current population of Armenia is 2,970,531
Estimate for Factory Rent
Monthly Average Warehouse Rental Cost
Region | Location | Size (m²) | Rent (USD per m²) | Total Rent (USD per month) |
Kotayk Region | Balahovit Village, 1st Street | 2700 | $7.50 | $20,250 |
1200 | $6.75 | $8,100 | ||
Zovuni Village, 1st Street | 150 | N/A | $750 | |
Yerevan | Shengavit District, Charbakh | 1000 | $3.75 | $3,750 |
Rubiniants Street | 348 | $2.50 | $870 | |
216 | $2.50 | $540 | ||
5000 | $8.00 | $40,000 | ||
300 | $2.50 | $750 | ||
340 | $0.50 | $170 |
Key Components of Administrative Costs
Salaries and Wages:
A Solar Photovoltaic Installer working in Yerevan would typically earn the following amounts:
Business electricity Price
The electricity price for businesses is USD 0.109. These retail prices were collected in December 2023 and include the cost of power, distribution and transmission, and all taxes and fees.
Monthly Rents for Office Space
Following table indicates rental rates in different areas.
Street | Rooms | Size (m²) | Monthly Rent (USD) | Price per m² (USD) |
Hanrapetutyan St | 6 | 133 | $4,805 | $36.13 |
Tigran Mets Ave | 2 | 106 | $1,987 | $18.75 |
Arami St | 2 | 70 | $2,838 | $40.54 |
Sayat-Nova Ave | 2 | 100 | $2,580 | $25.80 |
Amiryan St | 2 | 58 | $2,095 | $36.12 |
Byuzand St | 3 | 65 | $2,348 | $36.12 |
Amiryan St | 6 | 165 | $7,741 | $46.91 |
Khanjyan St | 3 | 110 | $1,290 | $11.73 |
Ler Kamsar St | 4 | 200 | $4,258 | $21.29 |
Dzorap St | 3 | 334 | $8,619 | $25.81 |
Electricity Generation
Transmission & Distribution
Energy Access
Energy Exports
Armenia has implemented a range of regulations and policies to support solar energy development, as part of a broader effort to improve energy efficiency and diversify its energy supply. The key regulations related to solar energy in Armenia include:
Law on Energy Efficiency and Renewable Energy:
Public Service Regulatory Committee (PSRC) Tariffs:
Energy Market Liberalization:
Popularization of Autonomous Power Producers:
Development of Solar Technologies in Non-Gasified Communities:
Initiative for Solar in Armenia: European Union Partnership and Renewable Energy Development
Fund for Renewable Energy and Energy Efficiency of Armenia:
Energy Sector Development Program (2021–2041):
Floating PV Project
Masrik-1
Ayg-1
Ayg-2
Five Utility-Scale Solar Farms
Small Solar Farms (Below 5 MW)
Company Name: LA Solar
Website: lasolarfactory.com
Location: Armenia
Services and Products:
Company Name: OHM Energy
Website: ohmenergy.am
Location: Armenia
Services and Products:
Products:
Services:
Website: volta.am
Location: Kotayq Province, Verin Ptghni 45, Armenia
Services and Products:
Services:
Products:
Solar News Related to Armenia
Your First Step In Solar Production
In 2021, the global market size of solar power was valued at 167.83 billion USD, and it is projected to grow from 234.86 billion USD in 2022 to 373.84 billion USD by 2029, exhibiting a CAGR of 6.9% during the forecast period.
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