Categories: Finance

Armswissbank: “Sharosolar” industrial solar power station WAS LAUNCHED

On October 20, the official opening ceremony of “Sharosolar” industrial solar power station took place in Katnaghbyur community of Aragatsotn region.

The installed capacity of the station is 5 MW (photovoltaic capacity 6 MW). The most modern bifacial half-cut panels of the international market were used, which generate electricity through the front and opposite faces.

“Sharosolar” industrial solar power station will produce 10.5 GWh of electricity per year, will reduce carbon dioxide emissions into the environment by 3,000 tons per year. The solar station has been designed and built by Sharosolar company. The station occupies an area of about 6 hectares.

The total investment amounted to about 3.5 mln USD, 80% of which was financed by “ARMSWISSBANK” CJSC, and 20% – from the personal funds of the company owner.

It is noteworthy, that sustainable financing, including renewable energy financing, is one of the Bank’s strategic directions and over the past 3 years, the Bank has already financed more than 110 solar systems projects.

“Sharosolar” LLC was founded in 2019. During its operation, the Company has created dozens of temporary and several permanent jobs. In addition to “Sharosolar” industrial solar power station, the Company is constructing the “Sharosolar 1” industrial solar power station, which is scheduled to be launched by the end of 2021.

“ARMSWISSBANK” CJSC was founded in 2004. As a dynamically developing financial institution, the Bank operates in the field of corporate-investment banking services, offering both traditional and modern financial solutions adopted in the international banking system. One of the strategic directions of the Bank is the financing of renewable energy, including solar power plants, energy efficiency and modern agricultural projects

Share

One Success Story: Trimming the Spirits

Hermine Harutyunyan founded HERMINA beauty parlor 5-6 year ago together with her sister.  The sisters have rich practice.  They have…

1 day ago

US$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in Armenia

The OPEC Fund for International Development (the OPEC Fund) and Ameriabank, the largest universal bank in Armenia, have signed a…

1 day ago

Inecobank introduces BNPL, the latest trend in worldwide shopping, to Armenia

Inecobank launches paylater, bringing the worldwide practice of BNPL (buy now, pay later) to Armenia – enjoy the moment, the…

1 day ago

Black Friday at Ucom: Up to 70% Discount for Smart Home Devices, Gadgets and Smartphones

As of today till November 28th inclusive, in Ucom sales and service centers, as well as at Ucom’s online shop,…

1 day ago

Viva-MTS: Orthotics partnership program for wounded soldiers

The first batch of modern orthoses is in Armenia Viva-MTS and the “Support of Wounded Soldiers and Disabled Military Servicemen”…

2 days ago

Scylla puts $4.9 million venture capital investment into global expansion of its AI physical security solutions and into the growth of its US and Armenian teams

Scylla, a leader in real-time physical threat detection solutions, has increased its product enhancements and hiring plans in the US…

5 days ago

Discussion on the Topic “IT Infrastructure as the Basis of the Digital Economy” with the Participation of the Heads of Telecommunication Companies in Armenia

Information and telecommunication technologies play a decisive role in the development of the economy of any country. Accordingly, the digitalization…

5 days ago

How to escape the “black” side of Black Friday? Some tips from Converse Bank

Black Friday is coming soon. People all over the world are waiting for that day to buy their dream phone,…

6 days ago

Allow yourself more: Rocket line – the leading Armenian “Buy now, pay later” payment format from Idram&IDBank digital platform

IDBank and Idram have established a new shopping culture in Armenia. Non-cash QR payments and non-cash payments in physical and…

6 days ago