Masrik 1

Masrik 1 solar overview.

Masrik-1 is a photovoltaic power station near Mets Masrik in Armenia’s Gegharkunik region. The ground-mounted installation uses bifacial solar panels across a 130-hectare site. Construction was completed in October 2024, and the developer announced commissioning in June 2025. Electricity is supplied under a power-purchase agreement with the national distribution company.In OperationArmenia

At a Glance

Technical capacity

62.1 MW

Mounting

Ground

Operator

Data coming soon

Country

Armenia

Location

40.227°, 45.727°

Website

Official project page

Ownership

1 record

Share	Organisation	Role	Details	Period
Unknown		Owner Developer Operator	FRV Masrik is the project company responsible for developing, owning and operating Masrik-1 under the government support agreement.	Current / not dated

Organisations

21 records

Organisations recorded as working on this asset or its project, and their role.

Organisation	Role	Details
	Solar project financing participantFinance Insurance Legal	Ameriabank CJSC supported financing of the Masrik-1 solar project.
	Original solar procurement implementing agencyPermit Tender Administration	The R2E2 Fund supported preparation and implementation of the Masrik-1 competitive procurement.
	Original procurement transaction adviserTechnical Advisory	The R2E2 Fund identifies Avag Solutions as its consultant supporting completion of the Masrik-1 tender.
	Local construction contracting entityEpc Balance Of Plant	China Armenia Engineering issued invitations for Masrik-1 substation construction and commissioning works through CMEC’s procurement platform.
	Engineering and construction contractorEpc Balance Of Plant	CMEC carried out construction of the Masrik-1 photovoltaic plant.
	Environmental studies and technical supervision adviserConsenting Environmental	EA Energy Advisory’s project references cover Masrik-1 environmental and social studies, land work and technical supervision from November 2023.
	Electricity power-purchase counterpartyOfftake Revenue	Electric Networks of Armenia is the counterparty to the plant’s power-purchase agreement.
	Solar project financing participantFinance Insurance Legal	European Bank for Reconstruction and Development supported financing of the Masrik-1 solar project.
	Solar project financing participantFinance Insurance Legal	European Union supported financing of the Masrik-1 solar project.
	Original successful bidding consortium memberHistorical Development Context	The Dutch FRV entity and FSL Solar formed the successful consortium for the original Masrik-1 procurement.
	Solar project sponsor and developerDevelopment And Sponsor Context	FRV sponsored and developed Masrik-1 and announced its commissioning in June 2025.
	Project-company majority shareholderFinance Insurance Legal	IFC and EBRD identify FRV La Providencia as holding 75% of FRV Masrik CJSC.
	Licensed solar project companyProject Company And Development	FRV Masrik holds generating licence LE 0623 and is the project company under the government support agreement.
FRV Masrik CJSC	Operator	Not set
	Project co-sponsor and project-company shareholderDevelopment And Sponsor Context	FSL Solar joined FRV as a project sponsor and is identified with a 25% shareholding in FRV Masrik CJSC.
	Transmission-network connection counterpartyGrid Connection	The project’s environmental disclosure describes a 110 kV connection to existing High Voltage Electric Networks lines.
	Solar project financing participantFinance Insurance Legal	International Finance Corporation supported financing of the Masrik-1 solar project.
	Owner’s engineering and social-planning advisory contextTechnical Advisory	EA Energy Advisory lists Mercados Aries International as its client for Masrik owner’s-engineering social plans during February 2022 to July 2024.
	Government infrastructure coordinationGovernment And Policy	The ministry worked with CMEC during delivery of the Masrik-1 solar plant.
	Solar construction subcontractorEpc Balance Of Plant	Shtigen carried out construction for the FRV and CMEC project, reporting completion in October 2024.
	Original solar procurement technical supportTechnical Advisory	IBRD supported preparation of the original solar procurement through technical advice.

Equipment

1 record

Panels and inverters recorded at this installation, with each unit's rating as its source gives it.

Equipment	Manufacturer	Model	Units	Unit rating	Source
PanelsInstalled	Not set	Not setShtigen’s March 2025 account documents 114,984 panels used in the plant completed in October 2024.	114,984	Not set	Source14 Mar 2025

Supplier registration

Contact page only

How suppliers get onto this project's radar: its standing register, supplier portal or contact route.

Prospective suppliers can use the company’s published supplier-enquiry contact route. Enquiries are handled at portfolio level.

FRV’s contact page invites partner-supplier enquiries across its business; it is not a Masrik-1 supplier register.

Contact page

SourceChecked 28 Oct 2026

Capacity history

Recorded project capacity figures. Future-dated changes are shown but are not used as current capacity.

Effective	Capacity type	Capacity	Source
Current	Technical capacity	62.1 MW	FRV project page: Masrik-1 DC peak capacity

Wind [m/s]

Wave [m]