German Firm in Solar Energy Talks

German Firm in Solar Energy TalksGerman Firm in Solar Energy Talks

A German company has offered $1 billion to help build a solar power station in Iran, the deputy energy minister on international affairs, Esmail Mahsuli, announced.

"German companies have recently held talks with the energy ministry and announced their willingness to invest in Iran's renewable energies; particularly solar power projects," Tasnim News agency quoted him as saying.

According to the official, offers are under review by the office of the deputy energy minister for investment in electricity and energy, Tavanir Company (Iran's power generation, transmission and distribution company), and the Renewable Energy Organization of Iran.

Referring to the proposed German investment amount, the deputy minister said: "the highest bid belongs to a German company which has offered $1 billion, albeit in collaboration with Iranian companies."

"The proposed investment by private German companies in Iran's solar power plants creates a number of financial, banking and technical issues which need to be resolved," he said without elaboration.

Noting that most private foreign companies currently visiting Iran are "here to offer their proposals and evaluate Iran's investment opportunities," Mahsuli expressed confidence that once the nuclear talks between Iran and the P5+1 (the permanent members of the UN Security Council plus Germany) reach firm conclusions, collaboration with German companies as well as other countries will gain pace.