Jameel Energy<\/a>, has announced the commissioning of the Masrik-1 photovoltaic plant in Armenia. This 62 MWdc (55 MWac) facility represents a significant step in FRV\u2019s ongoing commitment to fostering the global transition towards clean and sustainable energy sources.<\/p>\nLocated on a 130-hectare site, the Masrik-1 plant will avoid the emission of more than 54,000 tons of CO2 <\/sub>annually and will supply electricity to over 21,400 Armenian households. The project not only contributes to the decarbonization of the country\u2019s energy system but also reaffirms FRV\u2019s commitment to global sustainable development.<\/p>\n <\/p>\n
The plant\u2019s construction was carried out by China Machinery Engineering Corporation (CMEC), working closely with key Ministries and Agencies of the Republic of Armenia. The project has been financed with the support of key financial institutions including the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), the European Union, and Ameriabank.<\/p>\n
<\/p>\n
The power purchase agreement (PPA) has been signed with Electrical Networks of Armenia CJSC (ENA), ensuring that the energy produced will be distributed through the national grid, further advancing the region\u2019s transition towards a more sustainable and efficient energy system.<\/p>\n
<\/p>\n
\n
\n The commissioning of the Masrik-1 plant reinforces our position as leaders in renewable energy and highlights the essential role FRV plays in decarbonizing the global energy sector. Armenia has enormous potential for renewable energy, and we are proud to contribute to its energy development and a more sustainable future. <\/div>\n
\n Trist\u00e1n Higuero <\/div>\n
\n FRV Chief Business Development Officer <\/div>\n <\/div>\n \n
<\/p>\n
<\/p>\n
With this latest achievement, FRV continues to expand its international presence, which now includes almost 3 GW renewable energy facilities under operation in countries such as Spain, United Kingdom, Australia, New Zealand, Jordan, Mexico, and now Armenia, reaffirming its commitment to driving projects that not only provide clean energy but also create a positive impact in local communities.<\/p>\n
<\/p>\n
![\"\"](\"https:\/\/frv.com\/wp-content\/uploads\/2025\/06\/Masrik-1-.png\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Masrik-1 plant, with a capacity of 62 MWdc (55 MWac) will avoid the emission of over 54,000 tons of CO2 annually and supply electricity to more than 21,400 households in Armenia. The project was financed by International Finance Corporation (IFC), European Bank for Reconstruction and Development (EBRD), the European Union, and Ameriabank, and constructed\u2026<\/p>\n","protected":false},"author":9,"featured_media":20948,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,6],"tags":[106,65],"class_list":["post-20947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","category-projects","tag-armenia","tag-pv-plant"],"acf":[],"yoast_head":"\n
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This 62 MWdc (55 MWac) facility represents a significant step in FRV\u2019s ongoing commitment to fostering the global transition towards clean and sustainable energy sources.<\/p>\n<p>Located on a 130-hectare site, the Masrik-1 plant will avoid the emission of more than 54,000 tons of CO<sub>2 <\/sub>annually and will supply electricity to over 21,400 Armenian households. The project not only contributes to the decarbonization of the country\u2019s energy system but also reaffirms FRV\u2019s commitment to global sustainable development.<\/p>\n<p> <\/p>\n<p>The plant\u2019s construction was carried out by China Machinery Engineering Corporation (CMEC), working closely with key Ministries and Agencies of the Republic of Armenia. The project has been financed with the support of key financial institutions including the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), the European Union, and Ameriabank.<\/p>\n<p> <\/p>\n<p>The power purchase agreement (PPA) has been signed with Electrical Networks of Armenia CJSC (ENA), ensuring that the energy produced will be distributed through the national grid, further advancing the region\u2019s transition towards a more sustainable and efficient energy system.<\/p>\n<p> <\/p>\n <div class=\"sh-quote\">\n <div class=\"sh-quote-content\">\n The commissioning of the Masrik-1 plant reinforces our position as leaders in renewable energy and highlights the essential role FRV plays in decarbonizing the global energy sector. Armenia has enormous potential for renewable energy, and we are proud to contribute to its energy development and a more sustainable future. <\/div>\n <div class=\"sh-quote-name\">\n Trist\u00e1n Higuero <\/div>\n <div class=\"sh-quote-position\">\n FRV Chief Business Development Officer <\/div>\n <\/div>\n \n<p> <\/p>\n<p> <\/p>\n<p>With this latest achievement, FRV continues to expand its international presence, which now includes almost 3 GW renewable energy facilities under operation in countries such as Spain, United Kingdom, Australia, New Zealand, Jordan, Mexico, and now Armenia, reaffirming its commitment to driving projects that not only provide clean energy but also create a positive impact in local communities.<\/p>\n<p> <\/p>\n<p><img decoding=\"async\" class=\"sh-imagefull aligncenter wp-image-20948 size-full\" src=\"https:\/\/frv.com\/wp-content\/uploads\/2025\/06\/Masrik-1-.png\" alt=\"\" width=\"1913\" height=\"895\" srcset=\"https:\/\/frv.com\/wp-content\/uploads\/2025\/06\/Masrik-1-.png 1913w, https:\/\/frv.com\/wp-content\/uploads\/2025\/06\/Masrik-1--300x140.png 300w, https:\/\/frv.com\/wp-content\/uploads\/2025\/06\/Masrik-1--1024x479.png 1024w, https:\/\/frv.com\/wp-content\/uploads\/2025\/06\/Masrik-1--768x359.png 768w, https:\/\/frv.com\/wp-content\/uploads\/2025\/06\/Masrik-1--1536x719.png 1536w\" sizes=\"(max-width: 1913px) 100vw, 1913px\" \/><\/p>\n","search_term":"","_links":{"self":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/20947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/comments?post=20947"}],"version-history":[{"count":1,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/20947\/revisions"}],"predecessor-version":[{"id":20950,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/20947\/revisions\/20950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/media\/20948"}],"wp:attachment":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/media?parent=20947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/categories?post=20947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/tags?post=20947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}