Solar photovoltaic (PV) is rapidly growing globally, with solar energy accounting for 73% of the 345 GW of renewable energy capacity added in 2023, according to IRENA. Armenia, despite its small size and energy dependency (80% of energy imported), has emerged as a regional leader in PV with 470 MW installed by 2024, over half from 17,000 rooftop systems. The country has adopted strategic policies like the Renewable Energy Development Program (2022) and aims for 1.5 GW of PV by 2040. A liberalized energy market and reforms support this growth, but challenges remain, including grid bottlenecks and market scalability.
The ENABLING PV project, initiated by eclareon and BSW-Solar in 2013, promotes PV deployment through international cooperation and local partnerships. Armenia’s potential PV capacity by 2050 is estimated at 2.6 GW, equal to its total installed power capacity in 2023. This report aims to foster German-Armenian collaboration to expand renewables in Armenia.