Solar power by country
Armenia

Armenia due its geographical and climate properties is well-suited for the solar energy utilization. According to the Ministry of Energy Infrastructure and Natural Resources of Armenia the country is capable of producing 1850 kWh/m per year. For comparison European countries are capable of around 1000 kWh/m per year on average. Two main panel types utilized in Armenia are the photovoltaic and thermal solar panels. The country is aiming to invest heavy in the segment of renewable energy, as that arises from the geopolitical situation in the region, where Armenia has tenuous relations with some competitive (due to distance) oil-reach suppliers of the region. Thus, besides the investment in the sector by the state - e.g. providing finance for solar energy utilization for rural areas, Armenia also prepared a suitable legislative base to help attract foreign investments of capital - e.g. the guarantee by the state to buy at least for 15 years the surplus energy that will be produced by the solar plants. The country is aiming to developing its economy sustainably, through increase in the technological potential and productivity.
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