Iran: new agreements for the development of renewables

Iran: new agreements for the development of renewables

Editorial Staff
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More and more foreign investors are looking with interest to the emerging renewable energy market in Iran, also thanks to the thawing of international relations

The list of agreements signed between Iran and foreign governments and companies for developing renewables is growing. The latest addition is that signed by the British Photovoltaic Association (BPVA) and the Renewable Energy Agency Organization of Iran (SUNA) for the development of 1 GW of solar capacity. It follows a series of previous undertakings. Last month the German company Planet In Green announced the launch of a 100 MW solar project, signing a twenty-year agreement to purchase renewable energy from Iran. Last year another German company signed an agreement with the Iranian government for 1.25 GW of solar capacity. On top of that two Italian companies have announced projects for 100MW. Iran has in fact become evermore popular for investments in green energy, thanks not only to the improvement of relations with abroad, but also to a series of regulatory supporting measures, including feed-in tariffs.