Armswissbank has financed launch of largest roof solar power plant in Armenia

ArmInfo. At the Getamech  poultry farm, with the financing of Armswissbank within the renewable  energy program in cooperation with the energy company SHTIGEN, a  solar (photovoltaic) power plant with a nominal capacity of 237.6 kW  is installed. As stressed in the press service of the Bank, today it  is the largest roof solar power plant in Armenia.

This station provides for an annual electricity generation worth over  16 million drams. In addition, the use of solar power station of this  capacity allows you to exclude carbon dioxide emissions into the  environment in a volume of 160 tons. From the first month, the amount  of electricity generated at a given station is 2 times higher than  the monthly load repaid by the borrower. , - noted in the message.  According to the  source, p / f has been functioning since 1958 and within  60 years has won a high reputation of a breeding breeding poultry  factory producing quality chicken meat. In 2018, having restarted  production, the poultry farm set itself the task of raising the level  of the production culture, which, undoubtedly, will contribute to the  preservation of the environment and the production of ecologically  clean chicken. To do this, in parallel with the launch of a solar  power plant that provides almost 60% of the enterprise's demand, a  hot water supply system is already operating at the poultry farm by  using solar energy. On p / f the ecological compatibility  of the diet of fodders is strictly controlled:  vegetable fodder and  natural food additives are used, without the use of antibiotics.  To  note, "SHTIGEN" company has been working in the renewable energy  market of Armenia for 7 years, in fact being a pioneer of the market  and promoting the largest projects in the field of heat and  electricity in the country. The company specializes in solutions in  the field of solar energy. Power generating stations are  provided for both serving the population and for various businesses.  To date, the company has installed solar power plants with a capacity  of 5.5 MW and heat stations with a capacity of up to 7 MW throughout  Armenia and the Republic of Artsakh.  To recall, Armswissbank has  been operating since 2004. The Bank provides services in the  corporate, investment and mortgage markets. Armswissbank actively  participates in financing projects for the production of renewable  energy sources in Armenia. So, in cooperation with a number of  financial institutions and private organizations, the Bank has  financed numerous projects for the production of renewable energy  sources through hydroelectric power plants and solar power plants.  Currently, the Bank for the installation of solar stations offers  loans in dollars and drams, at interest rates of 5.5% and 8.5%  respectively, with a maturity of up to 12 years. The use of resources  within these credit programs allows borrowing companies, without  additional outflow of funds, to secure themselves energy  independence.