  1 kW renewable energy production may require USD 1500 investment in 2016June 29, 2011 - 11:57 AMT PanARMENIAN.Net - The director of Renewable Energy and Energy Saving Foundation gave high assessment to current level and development potential of renewable energy in Armenia. As Tamara Babayan told a news conference in Armenia, the number of licences (130 licences after 2003-2004) issued by a regulatory body proves the above-mentioned. From the point of view of the investments, before 2009, production cost of 1 kW renewable energy grossed USD 700; at present the figure rose to USD 1200, with production cost of USD 1500 forecasted for 2016-2020. As the Foundation’s program manager Aram Maranjyan, in turn, noted, until recently, Armenia had the leadership in the sector, yet the country is currently falling behind Turkey. According to Mr. Maranjyan, renewable energy has a 32% share of the whole energy system of Armenia. The country has a major potential in development of geo-energetics, wind energy produced on the basis of ethanol and photovoltaic energy.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
