“ARMSWISSBANK” CJSC proudly announces its continued commitment to financing green and sustainable energy projects.

On October 30, the official opening ceremony of the "PERI" solar industrial power plant, developed by "STELLAR ENERGY" LLC, took place in Lori Marz. The project, initiated a year ago and primarily financed by ARMSWISSBANK, exemplifies the Bank’s ongoing commitment to supporting Armenia’s transition toward a sustainable energy future.

The project has a capacity of 2,440 KW and is expected to generate up to 4,025,000 KW of clean energy annually. This volume of renewable energy will significantly contribute to the reduction of Armenia's carbon emissions and save about 1,810 tons of carbon dioxide emissions annually.

"Our partnership with “STELLAR ENERGY” LLC aligns with one of the Bank's strategic goals: to support green and sustainable development projects. Renewable energy is a priority for us, and we are proud to be the primary financial partner of this solar project, contributing to Armenia's climate goals," said Gevorg Machanyan, CEO of the Bank.

“This is one of our several successful projects financed by ARMSWISSBANK and more to come” highlighted by Stellar Energy Shareholders.

ARMSWISSBANK remains dedicated to its green financing policy and is prepared to support projects that advance Armenia's climate commitments under the Paris Agreement.

“STELLAR ENERGY” LLC, the investor behind the solar power plant, has expressed confidence that the project will have a lasting positive effect on the energy landscape in Armenia, helping reduce reliance on traditional fossil fuels and contribute to the country’s energy independence.