Context
The EU-Armenia SME Fund invested in a solar plant operated by Enteria in Gegharkunik.
Objective
Develop and commission a solar generation asset for the local market.
Role
ANIF portfolio during Aleksei Veretenov’s tenure as Deputy CEO and Vice President for Strategy and Marketing.
Approach
- $330,000 investment by the fund.
- Construction of a 2 MW photovoltaic plant.
- Environmental impact projections and operational launch.
Outcome
Commissioned in October 2022; approximately 4 GWh annual generation is a forecast rather than a measured result.
Company / project website