Does Armenia have solar energy?

Armenia has significant solar energy potential: average annual solar energy flow per square metre of horizontal surface is 1 720 kWh (the European average is 1 000 kWh), and one-quarter of the country’s territory is endowed with solar energy resources of 1 850 kWh/m 2 per year. Solar thermal energy is therefore developing rapidly in Armenia.

What is Armenia's Energy Strategy?

Since the IEA’s last review in 2014/15, Armenia has developed an Energy Strategy, released in 2021, which calls for up to 1 000 MW of solar PV capacity to be installed by 2030, lifting the share of grid-connected solar to 15% of generation.

Why does the IEA recommend Armenia?

The IEA commends Armenia for avoiding energy subsidies and for its decisive steps to implement a liberalised electricity market, which was launched in February 2022. Exposing investors and consumers to the true costs of energy supply, accompanied by a safety net for the most vulnerable customers, helps ensure efficient energy investment and use.

Does Armenia rely on natural gas?

The Iranian gas currently is used only to generate electricity that is re-exported to Iran as part of a gas-for-electricity swap. The IEA survey points out that Armenia’s heavy reliance on a single source of natural gas is compounded by its substantial dependence on gas, which accounts for the largest share of the country’s total energy supply.

How much energy does Armenia import?

il fuels need to be imported. Natural gas represents the largest - 76.3% share of Armenia’s energy imports (2.45 mln toe), followed by oil roducts 22.6% (0.73 mln toe). Armenia exports ctricity in 2022, of which by0.79 nuclear power plant (31.0%), natural gas fired thermal power plants (42.2%), hydro power plants (21.1%) and wind and

What percentage of Armenia's Energy is renewable?

Renewable energy resources, including hydro, represented 7.1% of Armenia’s energy mix in 2020. Almost one-third of the country’s electricity generation (30% in 2021) came from renewable sources. Forming the foundation of Armenia’s renewable energy system as of 6 January 2022 were 189 small, private HPPs (under 30 MW), mostly constructed since 2007.