July 15, 2025 – Yerevan — Emphasizing the importance of expanding renewable energy sources, promoting environmental responsibility, and strengthening Armenia’s energy security and sustainable development, Team Group of Companies announces the launch of a new strategic initiative.

A solar power station with an annual production capacity of 16 million kilowatt-hours has been constructed and commissioned in the Gegharkunik region by Team Group of Companies. A facility of this scale can meet the average annual electricity needs of a town with 7,000 to 10,000 residents.

Hundreds of professionals were involved in the large-scale construction process, including teams from Team Systems and Team Construct, both members of the Group.

“Millions of subscribers of Team Telecom Armenia, along with tens of thousands of drivers using the Team Energy EV charging network, are continuously increasing their electricity consumption. With the launch of this powerful solar station, we are taking another step toward ensuring that our services are powered by renewable energy sources. Through this effort, Team customers become active contributors to our commitment to sustainable development and environmental responsibility,” said Hayk Yesayan, Co-Founder of Team Group of Companies.

This large-scale solar energy project further demonstrates Team’s strong dedication to advancing green technologies through its long-term policy, making a meaningful impact on the company, the economy, and the country’s sustainable future.

About Team Group of Companies

Team Group of Companies includes Team Telecom Armenia, Team Pay, Team Systems, Team Solutions CJSC, Buy.am, Grand Hotel Yerevan, TMW, Northern Terroir, Team Construct, Team Logistics, and ServiceHUB, operating in telecommunications, IT, finance, hospitality, and other sectors.
Team aims to support economic growth by offering products and services that are accessible and useful for everyone.

Public Relations Department – pr@teamgroup.am