Renewable Energy Project

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The Armenia Renewable Energy Project aims to increase the privately owned and operated power generation using renewable energy. The project global objective is to reduce greenhouse gas (carbon dioxide) emissions by overcoming barriers to the development of renewable energy. There are two project components. Component A assists in removing barriers and supporting project implementation, by improving the legal and regulatory framework, capacity building, support in facilitating investments in renewable sub-projects, development of mechanisms to leverage additional financing, implementation and monitoring, and limited commodity support. Component B finances investments to develop renewable energy projects.