Armenia greenway energy

Is Armenia ready for a green energy transition?

Crucially, Pashinyan has also made the case for accelerating Armenia’s green energy transition and, in his government’s 5-year economic plan, foresees solar energy to cover 10 percent of the country’s total energy consumption in 2024.The country has huge untapped potential for green energy — hydro, solar, wind power and geothermal.

Does Armenia have solar energy?

Armenia has significant solar energy potential: average annual solar energy flow per square metre of horizontal surface is 1 720 kWh (the European average is 1 000 kWh), and one-quarter of the country’s territory is endowed with solar energy resources of 1 850 kWh/m 2 per year. Solar thermal energy is therefore developing rapidly in Armenia.

What is Armenia's Energy Policy?

According to the International Energy Agency, imports of oil and gas continue to cover 75% of Armenia’s energy needs. However, the Government of Armenia has focused it's energy policy towards developing indigenous energy sources, mainly renewable, and on replacing the country’s main nuclear reactor.

How much energy does Armenia need?

It has been an observer to the Energy Community since 2011 and a member of the Eastern Partnership since 2009. Although Armenia’s energy demand averages more than 3 Mtoe (3.59 Mtoe in 2020) and the country does not produce any fossil fuels, it manages to cover 27% of energy demand with domestic energy production.

Where does Armenia get its energy from?

Lacking indigenous resources, Armenia imports natural gas and oil for most of its energy needs (78.6% of total energy supply in 2020), mainly from the Russian Federation (hereafter, “Russia”).

How much energy does Armenia produce in 2021?

In 2021, Armenia produced 7.7 TWh of electricity, of which natural gas covered 44% (3.4 TWh), hydro and other renewables 30% (2.3 TWh) and nuclear 26% (2.0 TWh). In the Caucasus region, Armenia is the only country producing nuclear energy. Armenia’s energy demand averages more than 3 Mtoe (3.59 Mtoe in 2020).