Masrik 1 Solar PV Park is a 62MW solar PV power project. It is planned in Gegharkunik, Armenia. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the under construction stage. It will be developed in a single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023. Buy the profile here.
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Description
The project is being developed and currently owned by Fotowatio Renewable Ventures and FSL Solar. The company's ownership stake in the project stands as 75% and 25% respectively.
Masrik 1 Solar PV Park is a ground-mounted solar project which is planned over 130 hectares.
The project is expected to generate 128,000MWh electricity and supply enough clean energy to power 20,000 households. The project is expected to offset 40,000t of carbon dioxide emissions (CO2) a year.
Development status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
Power purchase agreement
The power generated from the project will be sold to Electric Networks of Armenia under a power purchase agreement at the rate of $0.041kWh.
Contractors involved
Jinko Solar will be the supplier of the PV modules for the solar power project. The company is expected to provide 180,000 modules each with 320W of nameplate capacity.
For more details on Masrik 1 Solar PV Park, buy the profile here.
About Fotowatio Renewable Ventures
Fotowatio Renewable Ventures BV (FRV), a subsidiary of Abdul Latif Jameel Energy and Environmental Services, is a provider of renewable energy solutions. It offers engineering, procurement and construction (EPC), operation, maintenance, administrative, technical and legal consulting services. The company’s project portfolio comprises of montna farms, nellis air force base, potosi solar, rothenbach solar park, brook warehouse, la jacinta, olmedilla, mafraq-I and lilyvale among others. It develops, constructs, finances, operates, and manages solar energy projects across the countries. FRV caters services to construction, technology, power and investment firms. The company has operational presence in Australia, India, Italy, Jordan, Uruguay, Spain, Mexico and the US. FRV is headquartered in Madrid, Spain.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
