The Government of Armenia has selected Masdar as the winning bidder for the tender for a utility-scale solar project. The 200-megawatt (MW) plant will be located in the Talin and Dashtadem communities of Armenia, in an area where solar radiation is both high and land is unusable for agricultural purposes. The project will be developed on a design, finance, build, own, and operate (DFBOO) basis and the project company will be 85 percent owned by Masdar, with the Armenian National Interest Fund CJSC (ANIF) holding 15 percent. 

Around US$174 million will be invested, with a new substation also built. The plant will span over 500 hectares. The tender was part of the Joint Development Agreement signed between Masdar and ANIF in November 2019, to develop renewable energy projects with a total capacity of 400 MW in Armenia. Further discussions are under way on the development of the remaining 200 MW.