Context
Solis is a portfolio investment of the EU-Armenia SME Fund, in which ANIF was an investor. The project involves a 4 MW solar plant.
Objective
Scale renewable generation and long-term electricity supply.
Role
ANIF portfolio during Aleksei Veretenov’s tenure as Deputy CEO and Vice President for Strategy and Marketing.
Approach
- Development and operation of a 4 MW solar power plant.
- Equity fund and bank financing.
- Long-term power purchase agreement.
Outcome
Commissioned in 2021; around 5.9 GWh of clean electricity generated by September 2022, with approximately $2.9m invested in the project.
Company / project website