Masrik-1 (Armenia's largest solar power plant) is under construction in the Gegharkunik region; led by the Shtigen Group. Despite challenging weather conditions, the 62 MW project which spans 130 hectares and started in November 2023 is progressing steadily with over 130 dedicated workers.
Construction of Armenia's Largest Solar Power Plant in Full Swing
Armenia is on the brink of a renewable energy revolution as the construction of its largest solar power plant, Masrik-1 is well underway in the Gegharkunik region. Spearheaded by the Shtigen Group, this ambitious project promises to reshape the country's energy landscape and significantly reduce its carbon footprint.

Armenia's Largest Solar Power Plant
The Masrik-1 solar plant which boasts a capacity of 62 MW sprawls across 130 hectares. The construction which began in November 2023 is progressing without being deterred by harsh winter conditions, spring rains, and the challenges posed by Armenia's diverse climate. The Shtigen team, alongside over 130 workers including locals from Metz Masrik have demonstrated remarkable resilience and dedication.
Once operational, Masrik-1 will generate an impressive 128,332 GWh of electricity annually which is enough to power over 20,000 homes. This significant output will also prevent the release of more than 54,000 tons of carbon dioxide each year. This marks a substantial contribution to Armenia's environmental sustainability goals. The plant's construction utilized a staggering 114,984 solar panels; underscoring the project's scale and ambition.
Progresses Made in the Solar Project
One of the project's significant milestones was the successful installation of the main transformer, a pivotal step forward that paved the way for the next phase of substation construction. This achievement highlights the commitment and technical prowess of Sinomach and CMEC, as well as the collaborative spirit of all stakeholders involved.
The Masrik-1 project is more than just a solar power plant. It includes the construction of a 110kV substation, a 110kV metering station, and a 10-kilometre transmission line connecting the substation to the grid. This comprehensive infrastructure ensures that the power generated can be efficiently transmitted and utilized, further enhancing the project's impact on Armenia's energy grid.
As the Masrik-1 project progresses, it is poised to play a crucial role in Armenia's transition to renewable energy. The project's success will serve as a model for future initiatives; demonstrating the potential of solar energy to drive economic growth; create jobs; and foster environmental stewardship.
Masdar's Role in Armenia's Renewable Energy Ambitions
Parallel to the Masrik-1 project, the Government of Armenia has selected Masdar - one of the world’s leading renewable energy companies - to spearhead another significant solar initiative. Masdar won the tender for a 200 MW utility-scale solar project located in the Talin and Dashtadem communities. This project which is situated in areas with high solar radiation and non-arable land will be developed on a design, finance, build, own, and operate (DFBOO) basis.
Masdar's involvement marks the largest single foreign investment in green energy in the region and the second-largest foreign direct investment in Armenia's modern history. The project is expected to cost around $174 million; cover 500 hectares; and create numerous direct and indirect jobs. The collaboration between Masdar and the Armenian National Interest Fund CJSC (ANIF) underscores the strategic importance of this project for Armenia's energy diversification and sustainable development.
The construction of the Masrik-1 solar power plant and the upcoming Masdar-led project mark significant strides in Armenia's journey towards renewable energy. These projects enhance the country's energy capacity and demonstrate the potential for international collaboration in achieving sustainable development goals.
Adherence to International Standards
The construction of Masrik-1 adheres to stringent international standards, a fact validated by both local and international experts. This ensures that the project not only meets but exceeds global benchmarks for quality and efficiency in renewable energy development.
The development of Masrik-1 is a testament to international collaboration. Owned by FRV Fotowatio Renewable Ventures, the project brought together expertise from across the globe. The construction was contracted to China Machinery Engineering Corporation (CMEC) with the Armenian Shtigen Group overseeing the execution on the ground.