Armenia s new energy supporting energy storage policy

What is Armenia's Energy Policy?

Armenia considers the further development of renewable energy (solar, wind, geothermal) as a vital direction of its energy policy and an essential guarantee for its energy independence and security. The aim is to increase the share of solar energy production to at least 15% by 2030.

Why does Armenia need a nuclear power plant?

Armenia depends on imports to meet much of its energy needs, particularly natural gas from the Russian Federation. It is one of the few ex-Soviet republics to avoid significant energy subsidies, and it is the only country in the Caucasus region to possess a nuclear power plant.

How to develop a national energy strategy in Armenia?

Formulate an Energy Research, Development and Innovation Strategy, including the setting of clear priorities within thematic areas and applied research, to ensure that priorities are linked with those of the national energy strategy adopted in January 2021. Armenia 2022 - Analysis and key findings. A report by the International Energy Agency.

Will Armenia's energy sector transition through 2040?

The Armenian government approved the Energy Sector Development Strategic Programme (hereinafter “Energy Strategy”) in January 2021, setting the path for the sector’s transition through 2040. The publication and approval of this strategic document are welcomed and should form a useful basis for Armenia’s future energy legislation.

What will Armenia's Energy Strategy look like in 2021?

The 2021 Energy Strategy considers maximum use of the country’s renewable energy potential to be a key policy priority. The Armenian government expects solar PV capacity to reach 100 MW by 2024 and 1 000 MW by 2030, and at that point to account for at least 15% of total generation. Some increase in wind is also expected.

What should the government of Armenia do to support research?

Ideally, donor support should supplement a reliable baseload of government funding for research. The government of Armenia should: Overall energy policy Increase resources and improve capabilities to enable the parallel implementation of CEPA and EAEU policies and measures.