SourceProject - Source

Energy \| Wind Farm	--	21-Oct-2025
New asset	Public initiated	16-Feb-2026
USD 244.3 M	PPP scheme	08-Jan-2026
Armenia / Qarakhach Pass Wind Energy Zone	Two Stage with preselection (shortlisting)

Project Description

Shirak and Lori Regions, Qarakhach Area (Qarakhach Pass Wind Energy Zone). The Qarakhach Wind Farm is a flagship renewable energy initiative aimed at harnessing Armenia’s untapped wind potential. With a proposed capacity of 150 MW, the project is expected to generate approximately 500 GWh of clean electricity per year.

Timeline

Project Definition	Project Preparation	Tender Process	Construction	Operation and Maintenance
	48%

Nov-2026

Project Readiness (level of completion of SOURCE’s template)

Project Documents

Interim Wind Resource Assessment Eng

03-Feb-2026

Interim Wind Resource Assessment Arm

03-Feb-2026

Wind Atlas for Armenia

16-Feb-2026

Armenia Wind Atlas in Armenian

19-Feb-2026

4016cb74-5584-417d-9fb2-705337016eef

Armenia

0.84

0.98

0.97

0.84

0.5

0.96

0.77

0.57

0.97

0.68

0.564

0.462

Key Country Indicators:

Source: World Bank Open Data

Energy pipeline:

Project	Capex (USD M)	Status	Subsector

Armenia

Energy

Upcoming bids	Pipeline Status
Total CAPEX (USD)

ARM: Qarakhach Wind Power Plant with Battery Energy Storage System

Project Description

Project Readiness (level of completion of SOURCE’s template)​

Key Country Indicators:

Energy pipeline:

Project Readiness (level of completion of SOURCE’s template)