Armenia and the UAE have reached an agreement on large-scale renewable energy projects

Armenia and the UAE have reached an agreement on large-scale renewable energy projects

A variety of practical agreements were signed during President Armen Sarkissian’s working visit to the UAE (United Arab Emirates), particularly in the sector of renewable energy. The “Ayg-1” venture for the development of a 200-MW (megawatt) photovoltaic power facility in the area of renewable power in Armenia has already been launched by the Emirati firm Masdar, one of several leading global firms in the area of renewable energy. The agreement was arrived at in 2019 during President Sarkissian’s visit to the UAE (United Arab Emirates). Armen Sarkissian said at the time that the program was just the start of a very long journey and that they might accomplish a lot more together.

During a recent business visit to the UAE, Armenia’s President met with Masdar CEO Mohamed Jamil Al Ramah and agreed to build an additional 200-megawatt solar photovoltaic facility in Armenia. Armenia’s plans for a 400-megawatt solar power facility will necessitate significant investment. They are also strategically important for strengthening the country’s energy system’s security, independence, and diversification. These initiatives will also contribute to Armenia being more environmentally friendly.

During his tour to the UAE, President talked about the prospects of large-scale wind energy investments with Khaldoon Khalifa Al Mubarak, Mubadala Investment Company’s Chief Executive Officer, in particular the construction of a 500-megawatt plant. Armenia, according to President Sarkissian, has a great potential for green energy resources.

Wizz Air Abu Dhabi is going to begin running flights to Yerevan in the near future, according to an agreement struck during a working tour to the United Arab Emirates. The Republic of Armenia’s President working visit to the UAE is a practical step toward closer ties with the Arab world as well as increased cooperation.

Masdar is also working with the Iraqi government. They came to an agreement last year to develop solar PV power facilities in Iraq. The plants will have a total capacity of 1GW and will be spread around the country in four separate places. A 450MW solar PV facility in the Dhi Qar governorate in southern Iraq will be the largest. Masdar is also planning to build 2 solar farms in Ramadi. One of the farms is going to have a capacity of 100MW, while the other will have a capacity of 250MW. The two remaining projects, each with a 100MW installed capacity, will be placed in Mosul and Amarah, respectively.

“This agreement enhances the existing strong link between the United Arab Emirates and the Republic of Iraq, and will allow information exchange between our two great nations,” Masdar CEO Mohamed Jameel Al Ramahi stated.

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