Masdar wins tender for 200 MW solar power project in Armenia ...United Arab Emirates

Masdar has been selected by the government of Armenia as the winning bidder for the tender for a 200-megawatt (MW) major utility-scale solar project. The leading renewable energy company’s initial offer of $0,0299/kWh in December 2019. After a competitive international bidding process, Masdar submitted a final price of $0,0290/kWh. The plant will be located in the Talin and Dashtadem communities of Armenia, in an area where solar radiation is both high and land is unusable for agricultural purposes, said Masdar. Around US$174 million will be invested, with a new substation also built. The plant will span over 500 hectares, and will create numerous direct and indirect jobs. “By winning the te

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