Armenia has made significant progress in diversifying its energy sector, substantially increasing the share of solar energy in the country’s overall energy balance.
According to Abgar Budaghyan, head of the USAID Energy Security Program in Armenia, solar power plants will generate up to 12% of the country’s electricity in 2024, enabling a 6% reduction in natural gas imports.
This achievement is part of a comprehensive strategy to enhance Armenia’s energy independence, which currently stands at approximately 27%, Budaghyan stated in an interview with Armenpress.
Under Armenia's updated energy strategy, the share of renewable energy sources is set to rise to 50% by 2030, driven by the construction of solar power plants with a combined capacity of approximately 1,000 megawatts.
By 2040, this figure is expected to grow to 60% through the addition of 500 megawatts of new solar capacity and 500 megawatts of wind power capacity.
"The ultimate goal of the program is to minimize the country’s dependence on imported gas by 2050 through a systematic transition to green energy," explained Abgar Budaghyan.
