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Why Armenia''s Energy Landscape Needs Smart Storage Solutions a country where solar panels and wind turbines generate clean energy by day, but the lights still flicker at night. That''s the
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6 Frequently Asked Questions about “Armenia s power supply side energy storage policy”
What are Armenia's key government priorities?
Key government priorities include promoting maximum use of the country's potential for renewable energy and energy efficiency; increasing power transmission links with Armenia's neighbours; gradually liberalising the domestic electricity market; and maintaining and, possibly, increasing the role of nuclear power.
What is Armenia's Energy Policy?
Diversifying energy sources and reducing import dependencies are key Armenian policy priorities. With no significant domestic fossil fuel reserves, hydroelectric power is the primary local energy source. Yerevan aims to expand renewables to meet decarbonization targets and decrease import reliance.
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.
Is Armenia developing a battery storage project?
Currently, Armenia is in the initial stages of developing a pilot project on battery storage, with plans for a utility-scale project with an estimated installed storage capacity of 1,200 MWh to be tendered in the coming years.
Can Armenia reduce its reliance on energy imports?
Additionally, a second gas pipeline from Iran provides another import route, primarily utilized through a barter agreement where Armenia exchanges electricity for natural gas, only partially using the imported volumes for domestic consumption. Presently, Armenia is actively seeking ways to diminish its reliance on energy imports.
Does Armenia have a gas sector?
There is currently no competition nor third-party access in the sector. However, according to the 2021 Energy Strategy, the Armenian government intends to review all gas-sector legislation by 2024, and as part of this will begin to develop a new Gas Law in 2022.