Scaling Up Renewable Energy Program for Armenia (SREP Armenia)
Scaling Up Renewable Energy Program for Armenia (SREP Armenia) was published in April 2014. It is an update to the Renewable Energy Roadmap from 2011.The SREP establishes new renewable energy production targets and underlines importance of the renewables deployment in a context of aging conventional energy generation infrastructure of Armenia. The RES deployment would increase Armenia’s energy security, lower its contributions to the climate change and create new employment opportunities. The government of Armenia recognizes importance of large and small scale RES projects deployment and lowering investment risks for interested parties.Renewable energy targets:202021% of RES in total power generation202526% of RES in total power generation Renewable energy generation capacity and production targets 2020-2025 Capacity installed (MW)Generation (GWh) 2020202520202025Small Hydro37739710491106Wind50100117232Geothermal50100373745Solar PV408088176Total49267716272259 SREP recognises geothermal and solar technologies as cost-effective and most feasible to deploy.Potentials study indicates, that the main geothermal site of Armenia – Karkar, has possible output of 28,5 MW. Appropriate funding from the government will be provided for further exploratory drilling.
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