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Armenia on track to commission 10 MW, announce new utility-scale PV quotas
by Becky Beetz
pv magazine International Translate This Article
15 December 2017
On 15 December 2017 pv magazine International reported:
Work has been completed on Armenia's third large-scale solar PV plant. Shtigen LLC commissioned the 1 MW project two days ago in the presence of Armenia's Prime Minister, Karen Karapetyan. All of the projects have owners, [said Shtigen founder and CEO, Hayk Shekyan], which are taking advantage of credit facilities provided by German development bank, KfW. As a rule of thumb, owners invest between 20 to 30 per cent of total project costs, he says.
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