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UAE Energy Company to Develop 400 MW Solar Power Projects in Armenia
December 1st, 2019 - 12:00 GMT

UAE Energy Company to Develop 400 MW Solar Power Projects in Armenia

Abu Dhabi-based Masdar, one of the world’s leading renewable energy companies and a Mubadala company, has entered into a formal agreement with the Armenian National Interests Fund (Anif), a state-owned foreign direct investment vehicle, to develop 400 MW solar power projects in the former Soviet republic at an investment of $300 million to $320 million. The first project being planned under the joint development agreement (JDA) is a 200MW utility-scale ...
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