Invest in solar - Shtigen

Invest in Solar

Investment in a solar utility-scale station is the best solution for you if you're looking for a low-risk stable income source.

Become a Solar Investor

Shtigen is the biggest EPC (Engineering Procurement Construction) company in solar energy business in Armenia. The company implements the full construction chain of a solar power plant – design, components supply, construction, launch and service. Also advisory service is available to help with the choice of terrain for the station, changing the terrain designation, getting a licence and financing. The EPC of 6.6MW out of 10MW solar power plants constructed up to date in Armenia is realized by Shtigen.

What’s a utility-scale solar station?


A solar power plant or a utility-scale solar station is a large facility which generates electricity and feeds it to the grid while the consumer solar stations are designed to cover the consumers’ need first. In the energy ecosystem solar power plants play the same role as the hydro, thermo and nuclear power plants.

Actual regulations

Utility-scale solar station construction is a licensed business activity in Armenia. According to the 2018 regulation it’s allowed to build stations up to 5MW. The produced electricity should be sold to CJSC “Electric Networks of Armenia” at 23.864AMD/kWh (VAT excluded) tariff.

Latest Projects

‘ARABKIR’ Medical Center

  The solar plant was commissioned in 2019․ It allows to save AMD 14mln annually.

ArSun Utility Scale PV Plant

  The solar plant was commissioned in 2019. The power of 2MW takes about 4 hectares installed. The annual production of the plant is 3.7 GWh.

“Getamej” Poultry

  The solar plant was commissioned in 2018․ It allows to save AMD 16mln annually.