A report by Forbes says European firmsare pouringtheir money into renewable energy projects in Iran, which is the most advanced country in the region in terms of renewable energy development.
The Industrial Development and Renovation Organization of Iran and China's Znshine PV-Tech Company signed a memorandum of understanding on Sunday to set up an automated production line of photovoltaic panels in Iran.
A Norwegian solar company has defied US President Donald Trump’s call for further isolation of Iran by signing a deal to invest €2.5 billion ($4 billion) in the country over the next five years.
Over two hundred villages in are generating solar energy to meet their power needs and the number is expected to surpass 300 by the end of this year’s Iranian calendar year (mid-March 2018).
UK renewables investor Quercus has signed a deal worth over half a billion euros to build and operate a 600-megawatt (MW) solar farm in Iran, the company said on Wednesday.
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.
International and domestic private companies in the renewable energy industry will be eligible for tax holidays for 5-13 years as part of incentives to prop up investment in the nascent renewable sector, a deputy economy minister said on Sunday.
