German Firms Hone in On  N. Khorasan for Solar Projects
German Firms Hone in On  N. Khorasan for Solar Projects

German Firms Hone in On N. Khorasan for Solar Projects

German Firms Hone in On N. Khorasan for Solar Projects

A delegation of seven German companies operating in the renewables sector has signed a memorandum of understanding with the North Khorasan Electricity Distribution Company (NKEDC) to develop solar farms in the northeastern province.
The delegation included executives from major enterprises, including solar photovoltaic company Phoenix Solar AG and Munich-based BayWa Group that operates in the agriculture, building materials and energy sectors, the Energy Ministry’s official news portal reported on Saturday.
The MoU was signed earlier this week during the Germans' two-day visit to North Khorasan, the report said. The cities of Esfarayen, Garmeh and Jajarm are reportedly chosen for the potential investment.
Alireza Sabouri, NKEDC managing director, said he was confident that German investors will tap into the region's massive potential for electricity generation from renewable sources.
"The two sides have come to an understanding on the site of the photovoltaic plants, but they (Germans) need more time to study the venture," Sabouri noted.
Mohammadreza Salehi, governor-general of North Khorasan, said on Saturday that collaboration with Germans could lead to the construction of at least six solar farms in the province, but did not provide details.
European companies are keen on entering Iran's solar energy market. Last year, the Renewable Energy Organization of Iran (SUNA) and a group of investors from Switzerland and Italy signed a contract to build a solar power plant in Jajarm.
Based on the contract, a solar plant with 30 MW capacity will be wholly designed, built, installed and launched by the European firms.
Reportedly, the share of renewables in Iran’s energy mix is 240 megawatts, a meager share from the total installed power generation capacity of 76,000 MW.
Iran has huge potential to harness renewable energies, including geothermal, solar and wind power.

Short URL : https://goo.gl/Ln8Fnr
  1. https://goo.gl/KVYjqq
  • https://goo.gl/BFCn9K
  • https://goo.gl/LNW1L3
  • https://goo.gl/AWRgrd
  • https://goo.gl/ysSg5K

You can also read ...

Oil futures are sliding on expectation of higher Russian and Saudi production.
US President Donald Trump's unilateral decision to withdraw...
1st Platform of Iran's South Pars Phase 22 Installed
In line with plans to boost gas output from South Pars Gas...
Aramco IPO Likely In 2019
Saudi Aramco’s much-hyped initial public offering is “most...
Japan Refiners Undecided on Iran Import
Japanese oil refiners will likely take a few months to decide...
Record Conformity Level in OPEC, Non-OPEC Output Cut
The 24 OPEC and non-OPEC producing countries participating in...
Iranian Crude at $76.6 pb
Iran's crude oil prices continued to advance in the week to...
The Iranian government provides power firms’ with the US dollar  at  42,000 rials.
Iran’s rial devaluation against the US dollar is not expected...

Add new comment

Read our comment policy before posting your viewpoints