Armenia has significant indigenous renewable energy resources, and an educated workforce with extensive scientific and engineering expertise. Furthermore, the Government has taken proactive steps in recent years to craft laws and regulations designed to reform the power sector to enable private sector involvement in renewable energy sector development.
Renewable energy resource potential in Armenia by technology:
| Technology | Capacity (MW) | Generation (GWh/yr.) |
| Wind | 795 | 1,640 |
| Utility scale solar PV | 835-1,169 | 1,735-2,118 |
| Concentrating solar power | 1,169 | 2,400 |
| Distributed solar PV | 93 | 128 |
| Geothermal power | 31-54 | 244-436 |
| Landfill gas | 2.3 | 20 |
| Small hydro power | 91 | 334 |
| Biogas | 3.3 | 26 |
| Biomass | 29 | 228 |
| Solar thermal hot water | 200 | 254 |
| Geothermal heat pumps | 3,500 | 4,423 |