[5] One of the well-known utilization examples is the American University of Armenia (AUA) which uses it not only for electricity generation, but also for water heating.

[1] In March 2018 an international consortium consisting of the Dutch and Spanish companies won the tender for the construction of a 55 MW solar power plant Masrik-1.

The solar power station is planned to be built in the community of Mets Masrik of the Gegharkunik region entirely at the expense of foreign investments.

[citation needed] In April 2019 it was announced that German company Das Enteria Solarkraftwerk will build a 2 MW strong solar station near Shorzha at lake Sevan by end of 2020.

[citation needed]Currently 9 solar PV plants (total installed capacity – about 7,02 MW) have been put into operation.

[13] A 55 MW utility-scale solar power plant will be built near Mets Masrik in Gegharkunik province, requiring an investment of about $50 million.

International tender was won by consortium of the Netherlands’ Fotowatio Renewable Ventures (FRV) B.V and Spain’s FSL Solar S.L.

In November 2016, Public Services Regulatory Commission of RA made a decision to set the price of electrical energy from photovoltaic systems to 42.645 AMD/kWh.