Categories: EnergyHard News

Swiss Firm TOLGA Eager to Invest in Iran’s Solar Industry

A leading Swiss photovoltaic (PV) company expressed willingness for presence and investment in Iran’s market following the termination of anti-Tehran sanctions.

During a joint meeting with officials of Iran’s Energy Ministry as well as Renewable Energy Organization in Tehran, senior executives from TOLGA expressed their keenness for cooperation in Iran’s solar power generation industries.

In the meeting held Monday, the Iranian officials outlined the country’s investment process and capacities in the field of photovoltaic and renewable forms of energy.

TOLGA officials said that they are ready to invest in construction of photovoltaic power plants to generate electricity in Iran.

Both side agreed to finalize the details of cooperation in another meeting in the near future.

Iran is the biggest producer of electricity in the Middle East, generating over 70,000 megawatt-hours.

The meeting came after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized a comprehensive deal on Tehran’s nuclear program and implemented it on January 16.

The comprehensive nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions on Iran after coming into force.

Emad Askarieh

Emad Askarieh has worked as a journalist since 2002. The main focus of his work is foreign policy and world diplomacy. He started his career at Iran Front Page Media Group, and is currently serving as the World Editor and the Vice-President for Executive Affairs at the Iran Front Page (IFP) news website.

Recent Posts

Israel unable to calculate Iran’s response: IRGC spokesman

A spokesman for the Islamic Revolution Guard Corps (IRGC) has stated that Israel is incapable…

2 hours ago

Iranian MP: Top security body approved retaliatory attack against Israel

An Iranian MP has said Iran’s planned military response to the Israeli attack on the…

3 hours ago

Israel bracing for Iran’s attack: Source

Israel is on high alert, bracing for Iran's retaliation after recent airstrikes hit several military…

3 hours ago

Renowned Iranian Sunni cleric attends introduction ceremony of new governor

The Sunni Friday prayers leader of Iran’s southeastern provincial capital Zahedan, who was previously critical…

3 hours ago

World ‘merely watching’ as North Korea threat grows: Zelensky

The international community is "merely watching" as the threat of North Korean military offensive grows,…

4 hours ago

Almost quarter of buildings in southern Lebanon damaged or destroyed in Israeli attacks: Report

Roughly one-quarter of buildings in southern Lebanon have been damaged or destroyed due to intensified…

5 hours ago