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Armenia: Green Leasing Programme to Fund Solar Water Heaters at Hotels

Submitted by Baerbel Epp on May 16, 2016
Tufenkian Hotel 1Armenia, a small country in South Caucasus, is home to an innovative financing scheme for solar thermal systems and other energy efficiency measures. In 2014, Armenian ACBA Leasing launched the Green Leasing programme for small and medium enterprises from any industry. According to an article published on 24 March 2016 on Armenian news website news.am, Green Leasing had already helped fund several solar thermal systems for different customers, such as seven hotels, four catering businesses and more than 20 service companies. One of the most well-known customers was the Tufenkian Hotel in Yerevan, Armenia’s capital: The roof installation of 1,140 vacuum tubes was done in December last year (see photo). 
Photo: Shtigen
 

Armenia: Solar Heat as ACBA-Credit Agricole’s Corporate Social Responsibility

Submitted by Baerbel Epp on December 9, 2015
ArmeniaACBA-Credit Agricole, the Armenian branch of French banking group Credit Agricole, has announced the installation of several solar collector systems in Armenia’s third-largest city Vanadzor. The solar thermal systems were installed on the premises of Orran, the local charity organisation for families in need, and regular maintenance will be carried out by a Shtigen, a local business and one of Armenia’s biggest developers in the field of solar thermal and solar electricity systems. The photo shows a non-pressurised solar thermal system consisting of 240 vacuum tubes. It was installed on the roof of a swimming pool and provides the heat for the building.
Photo: Shtigen
 

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