First solar panel producing plant opens in Armenia

Prime Minister Karen Karapetyan attended today the official opening of Profpanel company specialized in the production of solar panels.

The Prime Minister was briefed on the programs and development perspectives of the plant.

The plant producing SolrOn solar panels has an annual capacity of 10 MW and provides job to 50 people.

The initial investment amounted to $2 million. The plant intends to supply solar panels to the domestic market and later organize exports to the countries of the region and beyond.

The mini solar station with a capacity of 1.5 KW, which is able to produce about 200 KWh of electricity, will cost $1.5-1.7 thousand.

Having worked in test mode since spring 2017, the company has installed a number of solar stations in residential areas.

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