Three projects financed by the EBRD’s GEFF in Armenia have been nominated for Energy Globe Awards.
Two of the projects are competing in the Fire category, which encompasses initiatives that involve energy production, demonstrate use of renewable energy sources, or focus on energy efficiency and optimisation, efficient energy distribution, and transportation. Daroink LLC and Karton-Tara LLC , two companies that upgrade their production with more efficient technologies, demonstrate how energy efficiency and high-performance technologies help reduce utility costs, and increase productivity.
The third project nominated for the award is implemented by Artyom Torosyan PE, who installed a small-scale Solar PV station to power the aerators in his fish production business, thereby saving on electricity costs and becoming energy independent, a great example for agriculture business in Armenia.
The Energy Globe Awards were introduced by the Austrian energy pioneer Wolfgang Neumann in 1999. Since 2000, the initiative’s database has grown and now contains approximately 20,000 emissions-reducing projects from 180 countries, all of which serve one aim: to present innovative and sustainable projects to a broader global audience. Approximately 800 projects are submitted annually to compete for the Energy Globe Awards. Participation is open to projects focusing on resource conservation, air and water quality, energy efficiency and renewable energy.
GEFF in Armenia has been successfully financing energy efficiency, renewable energy and resource efficiency projects in Armenia since 2019. With the help of its five partner financial institutions, GEFF in Armenia has financed over 335 projects worth EUR 29 million. Collectively, these projects have helped avoid 29,500 tonnes of CO2 per year.