Chint New Energy Plans $700M Investment in Second Turkish Photovoltaic Plant

Armenia’s cumulative solar capacity has surged to 1.1 GW following the addition of approximately 615 MW in 2025. This rapid expansion has pushed solar's share of electricity generation to around 15%, effectively meeting the country's 2030 target years ahead of schedule. The growth is heavily driven by a net-metering scheme supporting over 50,000 autonomous producers (totaling 650 MW), though the government ended loan subsidies for rooftop solar in July to shift focus toward battery storage.