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Two-day conference dedicated to Armenia Renewable Energy launched today

A Conference was held on December 10 devoted to Renewable Energy sector of Armenia on the initiative of the Ministry of Energy and Natural Resources and by the support of Armenia Renewable Resources and Energy Efficiency Fund and Konrad Adenauer Fund. Representatives of relevant state institutions, international organizations and projects, non-governmental and financial organizations, investors, experts and other interested parties took part in the conference. The main goal of the event was to discuss with the sector’s representatives the latest achievements in the sector, perspectives, including legislative reforms, financial opportunities, technological innovations, to address the problems and the future projects for the sector’s development. Deputy Minister of Energy and Natural Resources Hayk Harutyunyan presented the current state of the power system and the policy held in renewable energy sector and underlined the vital role of renewable energy in the energy independence of Armenia. He mentioned that certain actions and projects are required to implement to achieve the targets for a long-term period.Hayk Harutyunyan also noted that renewable energy is one of the main priorities for the development of Armenia’s energy strategy, and number of strategic and legal documents are adopted to promote investments in the sector. According to the studies, Armenia has sufficient number of own renewable energy resources, which will allow to meet electricity demand up to 30 percent by 2025 (the latter does not include geothermal energy, the direct conversion of solar energy, biogas and wind energy potential). Today, hydro resources are the most utilized from renewable energy resources. In 2013 hydropower provides 29% of the annual electricity output. The Conference participants also discussed the issues related to renewable energy sector investment opportunities, industry and other branches of the sector, i.e environmental and social assessment problems of the geothermal energy projects, as well as characteristics for calculation of solar technologies investments. The participants expressed hope that such initiatives will promote mutually beneficial cooperation between different agencies and organizations, which will enable to implement joint projects in Armenia for the efficient use of renewable energy potential.