Development and Promotion of Renewable Energies

The Central Bank of Armenia (CBA) and the German Kreditanstalt für Wiederaufbau (KfW) have entered into an agreement aiming at further contribution to promote renewable energies in Armenia by enhancing access to loans for private investors investing in Renewable Energies. Financeable technologies include Wind Power Plants, Solar Power Plants, Solar Thermal Heating and Battery Energy Storage Systems (BESS).

We invite you to learn more about the GAF-RE Programme here on our website. If you have any questions about the facility, please contact the GAF-RE team.

To apply for the funding and to learn more on application procedure and eligibility criteria for corresponding technologies, please refer to the Download section .

To the attention of potential applicants of the GAV-RE VII Phase

Please note that the Application Forms, the Checklists of supporting documents required for technical assessment, as well as the Minimum Technical Requirements for small-scale and up to 5MW PV plants and/or BESS facilities are available in the Download section.