Tag Archives | solar energy

UK Company Pulls Out of EUR500m Solar Investment

The recently imposed US sanctions on Tehran has led to British renewable energy investor Quercus stopping to build a 500 million euro ($570 million) solar power project in Iran. The solar plant in Iran would have been the first renewable energy investment outside Europe by Quercus and the world’s sixth largest, with a 600 megawatt […]

700 MW of Clean Electricity to Be Added

Iran’s deputy energy minister said about 700 megawatts (MW) of electricity generated by the country’s clean power plants will be added to the national grid by late September 2018. Speaking to the Islamic Republic of Iran Broadcasting (IRIB), Seyed Mohammad Sadeqzadeh said the number of power plants generating electricity from renewable resources such as wind […]

Norwegian Firm Signs $2.9bn Solar Deal with Iran

Norway’s Saga Energy has signed a 2.5 billion-euro ($2.94 billion) deal to build solar power plants in Iran, the company said. Saga inked the preliminary agreement with Iran’s state-owned Amin Energy Developers on Tuesday. The deal would see the construction over a four- to five-year period of 2 gigawatts of power generation capacity, Saga Energy […]

Dentons advises Quercus on €500m Solar Energy Deal

Dentons Europe LLP has advised Quercus, one of the world’s largest renewable energy investors, on a deal worth more than €500 million with Iran’s Ministry of Energy for the development, construction and operation of a 600 MW solar energy photovoltaic (PV) plant in Iran. This is Quercus’ first investment outside of Europe and represents the […]

German Firm Starts Construction of Solar Plant

By John Lee. IRNA reports that a German-Iranian company has started construction of first phase of a new 100 MW solar power plant in Meybod. Pasargad Solar Projects Ltd is developing the project in collaboration with Kronos Solar Projects GmbH and Parsia Business Development Solutions. (Source: IRNA)

Quercus plans EUR 500m Iran Solar Project

By John Lee. UK-based renewable energy investor Quercus will reportedly invest over half a billion euros in a solar power project in Iran. Chief executive Diego Biasi (pictured) told Reuters that construction of the 600-megawatt (MW) plant will start in the first half of 2018. He added that the firm embarked on such a big project […]

Norwegian Firm in Talks to Build Solar Power Plants in Iran

The CEO of Norway’s Scatec Solar said the company is in negotiations to build its first solar power plants in Iran. “I wouldn’t like to say by when we (Tehran and Oslo) expect a signed deal but we are actively working on it,” Raymond Carlsen told Reuters on Friday. He added that the initial project […]

Austrian Firm opens Iranian Solar Park

By John Lee. Austria’s KPV Solar GmbH has this week connected its first Iranian solar power station to the network. The 1.2 MW plant (pictured) in Rafsanjan, Kerman province, was planned and installed within six months. According to a report from PV Magazine Deutschland, the development will be paid 0.12 euros per kilowatt-hour over 20 […]

Iran Starts Building Mideast’s Largest Solar Farm

Iran’s energy minister on Thursday inaugurated a project to build the Middle East’s largest solar plant in the country’s southeastern province of Kerman. Construction of the major power plant kicked off in an area between the cities of Kerman and Bam, in a ceremony attended by Energy Minister Hamid Chitchian. The project requires an investment […]

Largest Solar Power Plant in North Khorasan

The Minister of Energy has launched the construction of  a 30-megawatt solar power plant in Jajarm city, North Khorasan Province. According to the Renewable Energy and Energy Efficiency Organization of Iran (SATBA), Minister Chitchian mentioned that this project could be a stepping stone to developing larger renewable projects. His Excellency pointed out to the benefits […]

Italy to build Solar Power Plant in Iran

By John Lee. An Italian company has reportedly signed agreement to build the first solar power plant of the Iranian southern Hormuzgan province. According to IRNA, the plant will have a capacity of 100 MW and its construction will require an investment of €140 million. (Source: IRNA)

Swiss firms to build 300 MW of Solar in Iran

Swiss investors reportedly plan to build a 300-MW photovoltaic (PV) solar park n the North Khorasan province. Construction is scheduled to begin within four months, ANA News Agency said, with the company being responsible for the design, construction, installation and commissioning of the plant. Alireza Sabouri, managing director of North Khorasan Power Distribution Company told the […]

Iran’s Largest Solar Power Plant Launched

The Islamic Republic of Iran inaugurated its biggest-ever solar power plant near the central city of Isfahan in a bid to make further use of renewable energy resources. The project, which took seven months to be completed, has been constructed jointly by Iran’s Ghadir Electricity and Energy Company and Greece’s Metka engineering firm. The plant […]

Athos Solar completes first Green-Field Solar Plants in Iran

Athos Solar GmbH, based in Heidelberg, Germany, recently became the first investor to install and launch two high-performance green-field photovoltaic plants in Iran. The two systems, located in the province of Hamadan near Tehran, have a surface area of ten hectares each, making them the first of their scale in Iran. Further, their combined peak […]

Iran to spend $3bn on Renewable Energy

By John Lee. Iranian Energy Minister Hamid Chitchian (pictured) has said that Iran plans to invest $3 billion in renewable energy power plants. Speaking at a ceremony to launch three 7-megawatt solar power plants in Hamedan, he said 5,000 megawatts of renewable power would be created during the sixth Five-Year Development Plan. (Source: TradeArabia)

Iran to set up Renewable Energy Projects in Kazakhstan

By John Lee. Iran and Kazakhstan have agreed on plans to set up eight renewable energy projects in southern Kazakhstan, according to Trade Arabia. The projects include a photovoltaic power station (also known as a solar park), reported Iran Daily News, citing Kazakhstan’s Minister of Investments and Development. The agreement will focus on key areas […]

Scotland sees Business Opportunities in Iran

By John Lee. Following a visit by Scottish Enterprise, Scottish Development International and several energy companies to the Offshore Energy Exhibition and Conference (OEEC) last week in Rotterdam, Scottish businesses are reported to be cultivating links with Iranian companies in both oil and renewable energy. The visitors met members of the Iranian pavilion at a […]

New Dutch Company to Invest €90m in Iranian Renewables

During a state visit by the Dutch government to Iran, in the presence of the Iranian Minister of Energy, Mr. Chitchian, and the Dutch Minister of Infrastructure and the Environment, Ms. Schultz – Van Haegen, the Dutch company Global Renewables Investments B.V. signed an agreement to build wind and solar parks in Iran with an […]

FDI-Funded Solar Farm being Built in Shiraz

Iran is to build a solar power plant near the southern city of Shiraz with its budget supplied by foreign direct investment (FDI). Director General of economic and financial affairs of Fars Province Babak Daei has said the project is one of the 4 initiatives funded by foreign capital in the province. He said a […]

Why Renewable Energy is Booming in Iran

By Maysam Bizær, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On Sept. 10, Iran and Russia launched a project to add two new 1,000-megawatt (MW) reactors to the already existing 1,000-MW reactor at the Bushehr nuclear power plant in the southwest of the country. […]