The EBRD’s Green Economy Financing Facility (GEFF), together with the Climate Investment Funds (CIF), is dedicated to raising awareness about best practices for investing in and implementing small-scale solar PV plants in Armenia as well as sharing their extensive experience with local businesses.
On 6 October, the GEFF team conducted an event, “Small-scale Solar PV Plants – Everything You Need to Know”, at the DoubleTree by Hilton in Yerevan. The event was supported by CIF.
A PV plant is a long-term investment that provides significant and tangible benefits in the form of renewable energy. The lifetime of a PV plant is assumed to be at least 20 years, so it is important to maximise the benefit from the investment over this period. Specifically, the correct installation of the panels and compliance with equipment certification standards and manufacturer guarantees can help ensure the durability of the plant and its stable operation over time. Therefore, being knowledgeable about best practices, and about the associated risks and mistakes to avoid, is a crucial aspect of maximising PV plant potential.
At the event, experts from the field provided practical guidance on configuring solar PV plants to meet the needs of a business. Further key discussion points included quality assurance and best practices, as well as relevant industry developments and future expectations.
More than 65 participants attended the event. They included potential and existing PV plant owners, PV equipment suppliers and producers, and representatives from financial institutions and other stakeholders in the energy efficiency/renewable energy sector.
The two-hour event, which was followed by a Q&A session and networking phase, focused on the following topics:
During the event and in addition to various video-based showcases, the GEFF team also presented an explainer video summarising the risks, possible mistakes, and recommendations regarding the optimal performance of small-scale PV plants. The video was produced recently by the GEFF in Armenia and is particularly useful for any business implementing or thinking about investing in a solar PV installation.
Watch the video: Best practices for maximising small-scale solar PV plant performance