Since the commissioning of its first solar power plant in Aragatsotn region in December 2021, EU-Armenia SME Fund has grown its solar capacity seven-fold, with new investments in the regions of Gegharkunik and Kotayk. The Fund’s renewable strategy also includes the acquisition and refurbishment of selected hydro assets - increasing generation by deploying western equipment, implementing best practices in monitoring and automation and employing appropriate incentives for operational staff to ensure hydromechanical equipment is used as efficiently as possible. Read more