Armenia solar expansion needs grid and storage investment, IMF says

ARKA reports that the IMF sees Armenia’s rapid solar development as an opportunity, but also warns that the country remains dependent on imported fossil fuels. Further solar deployment will need grid upgrades and storage systems that can absorb variable generation and keep the power system stable. The Fund also recommends more ambitious solar and storage targets, incentives for solar-plus-storage projects, and rules for storage services. For Armenia, the message is that solar targets will only translate into energy security if flexibility and grid investment advance together.