Masdar, a developer based in the United Arab Emirates, has won a tender to build a 200 MW solar farm in Armenia at a tariff of 0.029 per kWh. The plant will be built in Armenia’s Talin and Dashtadem districts.  The solar farm will require a total investment of $174 million. Following Masdar’s initial offer of $0.0299 per kWh in December 2019, the Armenian government placed the project under competitive bidding. Masdar again won the tender by quoting a a reduced tariff of $0.0290 per kWh.

The facility, which spans 500 hectares, is part of a combined “Joint Development Agreement” signed by Masdar and ANIF in November 2019 to construct 400 MW of capacity in Armenia. It will cover the Talin and Dashtadem communities. The 200 MW solar farm will be one of the largest green energy project in the region.

Recently in June 2021, Masdar announced plans to build solar photovoltaic projects in Iraq with a minimum total capacity of 2 GW. The projects, which are anticipated to support Iraq’s aim of installing 10 GW of solar power capacity by 2025, will be developed in the country’s central and southern regions.  The agreement was virtually signed by ministers from both the nations along with the CEO of the company.