Masdar wins 200 MW solar project in Armenia at a tariff of $0.029 per kWh

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.

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