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Solar''s share in Armenia''s total electricity output in 2024 stood at 10.4%, well above the global share of 6.9%. Total solar production of 975 gigawatt hours (GWh) is divided
Armenia and the UAE have agreed to begin the construction of the industrial-scale photovoltaic solar power plant "Ayg-1" in Armenia in early 2026.
Explore the risks & opportunities of solar panel manufacturing in Armenia. Our 2024 guide covers political, economic, & operational challenges for investors.
Several large-scale solar power plants have come online in recent years, significantly contributing to the growth of solar energy production. The Masrik-1 Solar Plant,
Solaron started its solar panel production activities on June 29, 2016, becoming the first Armenian manufacturer of solar
Solaron started its solar panel production activities on June 29, 2016, becoming the first Armenian manufacturer of solar panels. The brand ''''Solaron'''' is a registered trademark for products
Explore the risks & opportunities of solar panel manufacturing in Armenia. Our 2024 guide covers political, economic, & operational
In 2019, the European Union announced plans to assist Armenia towards developing its solar power capacity. The initiative has supported the construction of a power plant with 4,000 solar
Yes, Solaron was founded in 2016, becoming the first company producing solar panels in Armenia. Our assembly line completely meets all international quality standards.
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Solar energy is widely available in Armenia due to its geographical position and is considered a developing industry. In 2022 less than 2% of Armenia''s electricity was generated by solar power. The use of solar energy in Armenia is gradually increasing. In 2019, the European Union announced plans to assist Armenia towards developing its solar power capacity. The initiative has supported the construction of a power plant with 4,000 solar panels located in Gladzor.
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Solaron is the first manufacturer of solar panels in Armenia, which annual production capacity reaches about 60 megawatts. Brand ‘’Solaron’’ is a registered trademark for products manufactured by Profpanel. In Solaron Company merged a team of highly qualified professionals with many years of experience in the business organization from scratch.
In 2019, the European Union announced plans to assist Armenia towards developing its solar power capacity. The initiative has supported the construction of a power plant with 4,000 solar panels located in Gladzor. Solar power potential in Armenia is 8 GW according to the Eurasian Development Bank.
The reason for this is that average solar radiation in Armenia is almost 1700 kWh/m 2 annually. One of the well-known utilization examples is the American University of Armenia (AUA) which uses it not only for electricity generation, but also for water heating. The Government of Armenia is promoting utilization of solar energy.
According to the Ministry of Energy Infrastructures and Natural Resources of Armenia, Armenia has an average of about 1720 kilowatt hour (kWh) solar energy flow per square meter of horizontal surface annually and has a potential of 1000 MW power production.