German Firm to Fund Iranian Wind Farm

By John Lee.

A German-Iranian company has reportedly signed an agreement to build a 48-megawatt wind farm in southwestern Iran.

Development Environment Arvand Company will fund the 40-million-euros ($46-million) project in the Arvand Free Trade Zone in Iran’s Khuzestan province.

Project Manager Frank Riesbeck told Bloomberg that turbine shipments are due to begin in January, and will be provided by Vestas Wind Systems A/S and Xinjiang Goldwind Science & Technology Co..

The wind park should be operational by the middle of next year, with a 20-megawatt photovoltaic solar plant expected to follow.

Feed-in tariffs have recently been increased to the equivalent of 18 U.S. cents per kilowatt-hour, up from 15 cents.

According to Bloomberg, planning and project development will be done by Berlin-based consultancy GI Umweltconsult, of which Riesbeck is also a co-founder.

(Source: Bloomberg Business)

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