Tag Archives | renewable energy

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. […]

Swiss Firm in $839m Wind Farm Deal

By John Lee. Switzerland’s MECI Group International has signed an agreement with Iran’s government to build a 750 million-euro ($839 million) wind farm. MECI Chairman Jeremiah Josey told Bloomberg: “Iran is at a very interesting point in history. There is so much growth to be had. They can get through at least 20 years of technological […]

Iran to Generate 7GW of Renewable Energy by 2030

By John Lee. Iranian Energy Minister Hamid Chitchian (pictured) has said Iran plans to generate 7 gigawatts of electricity from renewable sources by 2030. He said the country plans to add 100MW of electricity generated through renewables to the grid by the end of the current Iranian calendar year (March 20, 2017), of which 70 […]

German Company to Develop Solar Plant in Iran

German company SOLARWATT GmbH, one of the pioneers of the solar industry, has plans to start projects in Iran by constructing a 30 megawatt solar power plant. Speaking to Tasnim, Abolfazl Mousavi Fazel, representative of SOLARWATT, said the company is applying for permission to build the plant as part of the German government’s plans for […]

Iran Interested in Wind Power Investments in Armenia

By John Lee. Iran is said to be interested in investing in wind power in Armenia. According to a report from Asbarez, Armenian Minister of Energy and Natural Resources Levon Yolyan (pictured) was informed of an Iranian plan to construct 50MW wind power plants in Armenia while on a visit to Tehran this week. During […]

Contract Signed for Iran’s Biggest Solar Plant

A Contract has been signed to build a 40-million-euro solar power station in North Khorassan Province using foreign financing. The Managing Director of Power Distribution Company in North Khorassan Province, Ali-Reza Saboori, said the contract was signed for establishment of the first solar power plant in the country have a capacity 30 megawatts. He said […]

Iran to Launch $12bn Tender for Green Investment

The Iranian energy minister said the country plans to put out a major tender in a bid to draw $12 billion of investment in development of a series of utility-scale renewable-energy projects by year end. The nation wants to install 5 gigawatts of renewable energy in the next five years and an additional 2.5 gigawatts […]

UK to Build 1,00MW Solar Plant in Iran

By John Lee. Tehran Times reports that the British Photovoltaic Association (BPVA) will build a €1.5-billion 1,000-megawatt solar plant in Iran. Describing itself as the “National Trade Association of the UK solar photovoltaic industry“, the organisation will also build a $25-million plant to make solar panels in Iran, transferring technical know-how. Iranian Energy Minister Hamid Chitchian […]

German Firm Wins Iran Power Purchase Agreement

German consultancy company, Planet in Green Projects GmbH, which specializes in photovoltaic projects, has concluded a contract in Iran. The power purchase agreement (PPA) has been agreed for 100 MWp with the Iranian Renewable Energy Organisation (SUNA). This will be for a 20-year term, producing 165 million kWh per annum near Tehran. The solar park […]

German Firm in talks on Solar Panel Plant

Iran is progressing with its strategic plan to diversify the country’s energy resources by increasing the share of renewable energies in the country’s energy mix, putting major emphasis on technology ownership and highest degree of localization. The Industrial Development & Renovation Organization of Iran (IDRO) and Germany’s SCHMID Group now start a collaboration to establish […]

Iran to build $110m Wind Farm in Kazakhstan

By John Lee. Iran has reportedly signed an agreement with Kazakhstan to build a 50-megawatt wind power plant in the west of Kazakhstan on the Caspian Sea coast. The agreement with signed between Iran’s Power and Water Equipment and Services Export Company (SUNIR) and Eurasia Invest Group in Tehran. The Kazakh government will finance the […]

Report on Solar Energy Opportunities in Iran

By John Lee. German solar association BSW Solar has published a comprehensive report on the solar electricity sector in Iran. Spokesperson David Wedepohl told PV Tech: “Market observers estimate the subsidies will remain attractive despite the reductions, provided effective financial instruments are implemented. “There are a lot of companies that are confident that at the […]

Chinese Firm to Build Solar Power Plants in Iran

China’s Shanxi International Energy Group (SIEG) has agreed to invest in a major project to construct photovoltaic power stations across Iran .In a recent meeting with high-ranking officials of Renewable Energy Organization of Iran, the Chinese company voiced its readiness to construct a number of photovoltaic power stations in the Islamic Republic with a total […]

Germany eyes Iran’s Renewable Energy Market

Germany is seeking to establish long-term cooperation with solar companies and industry associations in Iran, a report said. Germany has begun working closely with Iran to develop renewable energy strategies based on the successes and failures its policymakers have learned from its own Energiewende (energy transition), Power Magazine reported on Sunday. Germany’s government recently released […]

Dubai-Based Company Eager to Finance Projects in Iran

Yellow Door Energy, a company with technical expertise in solar energy projects in the Middle East, has expressed willingness to finance two solar power plants in Iran. Representatives of the company, which is headquartered in the Emirati city of Dubai and is mostly owned by Adenium Energy Capital, held a meeting at the Renewable Energy […]

14 New Projects worth more than $2.5bn

By John Lee. The last meeting of the Foreign Investment Board in 1394, chaired by Mohammad Khazaei, was held at the Organization for Investment, Economic and Financial Affairs of Iran and 14 projects was approved by the Board in the areas of power generation, automotive and mining industries worth 2.6 billion dollars. In the meeting, […]

IOOC Uses Solar Energy for New Housing Complex

By John Lee. The Iranian Offshore Oil Company (IOOC) has launched a new housing complex in the Persian Gulf island of Siri (Sirri) where all the water is heated by solar power. The aim is to optimize energy use in the complex. The 160-unit complex was officially inaugurated earlier this week. The project was constructed […]

Iran to Generate 7,600MW from Renewables

By John Lee. Iranian Minister of Power Hamid Chitchian (pictured) said his ministry plans to reach an output of 7,500 megawatts from renewable energy by 2030. The power will be generated by wind, water, solar, biomass, and geothermal plants. He added that the ministry has managed to reduce energy wastage by 4 percent during the […]