Armenia’s Future Relies on Renewable Energy

Country Overview

The Republic of Armenia in West Asia is bordered by Turkey, Georgia, Azerbaijan, and Iran. The population of Armenia is approximately 2.78 million people.

In November 1920, the First Republic of Armenia was invaded, subjugated, and incorporated into the Union of Soviet Socialist Republics (USSR). On 21 September 1991, Armenia gained its independence as a sovereign nation, following the dissolution of the USSR.

In 2022, Armenia’s economy was ranked 115th in the world in gross domestic product (GDP). The country’s economy is dependent on the copper ore, gold, hard liquor, ferroalloys, and rolled tobacco.

Environmental Policies

In 2016, Armenia signed the Paris Climate Agreement, committing to limit emissions to an aggregate 633 million tons of carbon dioxide (CO2) for the period 2015 through 2050.

Power Generation Capabilities

In 2021, 100% of the people in Armenia had access to electricity. In 2022, the Electric Networks of Armenia used natural gas (43.4%), renewable energy (31.3%) and nuclear power (25.3%) to generate electricity across the nation. Hydropower is the dominant type of renewable energy used to generate electricity in Armenia.

Recent renewable energy projects in Armenia include:

  • 200 MW Solar Project – United Arab Emirate (UAE) renewable energy company, Masdar is continuing work on the AYG-1 Solar Power Plant at a site approximately 15 miles northwest of the nation’s capital, Yerevan.
  • 150 kW Floating Solar – In September 2023, French company Nepsen completed Armenia’s first floating solar project on Lake Yerevan within the city limits of the nation’s capital.

Conclusions

Armenia imports fossil fuels (refined petroleum and natural gas) for power generation, heating, and transportation. In 2021, the country imported U.S. $430 Million of natural gas and U.S. $313 Million of refined petroleum.

On 24 February 2022, Russia invaded Ukraine, prompting the European Union, United Kingdom, United States, Canada, Japan, South Korea, Australia, and New Zealand to place economic sanctions on Russian imports and exports. As a result, the crude oil and natural gas prices increased by over 50% from May 2021 to May 2022.

In 2022, Armenia imported the majority of the nation’s natural gas from Russia. Armenia has significant undeveloped renewable energy resources, including hydropower (small and large scale projects), solar, wind, and biomass.

The Europe now knows not to become dependent on Russian fossil fuels. Armenia is now replacing expensive natural gas fueled power plants with low-cost reliable renewable energy projects. Armenia’s energy independence and future as an independent nation is dependent on clean, reliable renewable energy.

Jack Kerfoot

Website – “Our Energy Conundrum”

www.jackkerfoot.com

 

Jack Kerfoot is a scientist, energy expert, and author of the book FUELING AMERICA, An Insider’s Journey and articles for The Hill, one of the largest independent political news sites in the United States. He has been interviewed on over 100 radio, podcast, and television stations from New York City to Los Angeles on numerous energy related topics.

Share and Enjoy !

Shares

Leave a Reply

Your email address will not be published. Required fields are marked *