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Iran Renewable Energy

Iran Plans First-ever Renewable Energy Tender

written by saurabh

Iran is set up introduce competitive auctions to its rapidly emerging renewable energy market later this year.

According to media reports, Iran is planning its first-ever renewable energy auction later this year. Country’s energy minister recently told Bloomberg in an interview that the government expects heavy participation from private sector companies, both in Iran was well as abroad.

The minister also stated that the government plans to auction 1 GW wind energy and 3 GW solar power capacity and an estimated investment of $12 billion is expected from national and international project developers.

The Iranian government is planning to offer significant incentives to prospective project developers. Feed-in tariffs for various renewable energy technologies and projects will be offered across 12 categories. Solar power project developers will get tariffs between US¢0.010-0.16/kWh. Wind energy project developer will be offered tariffs between US¢0.11-0.14/kWh across various project sizes.

Iran aims to add about 5,000 MW of wind and solar power capacity by 2018 and an additional 2.5 GW renewable energy capacity by 2030.

A large number of foreign investors have shown interest in the Iranian renewable energy market ever since the country struck a nuclear deal. Last month, German company Planet in Green announced that is has been chosen by the Iranian government to set up 100 MW solar power project. The company has signed 20-year power purchase agreement with the Iranian renewable energy organisation.

Last year, an unnamed German company was reported to have struck a deal with the Iranian government to set up 1.25 GW solar power capacity.

Two Italian companies also announced plans to set up 100 MW solar power projects each with installed capacity of 10 MW. The entire capacity of 1 GW shall be installed over a period of 9-10 years. The total investment for the programme is expected to be around $1.5 billion.

07/31/2016 0 comment

Renewable Energy

Italian, Swiss Companies To Build Iran’s Largest Solar Power Project

written by saurabh

Italian and Swiss investors have announced plans to set up set up the largest solar power project in Iran.

According to media reports, unnamed companies based in Italy and Switzerland will set up 30 MW solar power project in Iran; the capacity shall form the first phase of the project will expand to undisclosed capacity in the near future.

The companies will reportedly invest €40 million, possibly on the first phase itself. The project shall be located in the North Khorasan province. Spread across 60 hectares, the project will meet the power demand of nearby Jajarm alumina plant, officials of the provincial energy department stated.

The Iranian government is looking to promote the use of domestically-manufactured equipment in the power plant. According to reports, all equipment except inverters and solar modules will be sourced from local companies. For this, the developers shall receive 17% escalation in tariff.

This will not be the only investment from Italian companies in Iran’s budding solar power market. Recently, officials of Italian companies Genesis and Dynkun signed an agreement with Iranian government officials to set up a large number of utility-scale solar PV power projects in the Qazvin province.

As per the agreement, the two companies shall set up 100 solar power projects each with installed capacity of 10 MW. The entire capacity of 1 GW shall be installed over a period of 9-10 years. The total investment for the programme is expected to be around $1.5 billion.

07/31/2016 0 comment

Renewable Energy

Iran Signs 1 GW Solar Power Deal With British Solar PV Association

written by saurabh

Foreign investors continue to flock to the budding renewable energy market in Iran following thaw in international relations with the Middle East country.

The British Photovoltaic Association (BPVA) recently signed an agreement with the Renewable Energy Organisation of Iran (SUNA) for the development of 1 GW solar PV power capacity in the Middle Eastern country. The agreement will also see development of 500 MW solar modules manufacturing facility in Iran.

The agreement is the latest in the long list of several similar deals signed with foreign governments and companies for the development of large-scale renewable energy projects in Iran.

The Iranian government plans to install 5 GW of renewable capacity by 2020. The implementation of 500 MW wind energy capacity and 100 MW biomass projects has already started.

Last month, German company Planet in Green announced that is has been chosen by the Iranian government to set up 100 MW solar power project. The company has signed 20-year power purchase agreement with the Iranian renewable energy organisation.

Last year, an unnamed German company was reported to have struck a deal with the Iranian government to set up 1.25 GW solar power capacity.

Apart from improvement in foreign relations, renewable energy market in Iran has also benefitted from the role of several supportive regulatory measures, including feed-in tariffs.

07/31/2016 0 comment

Renewable Energy

German Company To Set Up 100 MW Solar Power Plant In Iran

written by saurabh

Over the last few months several international companies have expressed plans to implement renewable energy project. Now, a German company is expected to become probably among the first international companies to set up renewable energy project in the Middle Eastern country.

German company Planet in Green announced that is has been chosen by the Iranian government to set up 100 MW solar power project. The company has signed 20 year power purchase agreement with the Iranian renewable energy organisation.

The company has reported that it has already started site preparation for the project and construction is expected to begin later this year. The company shall sell electricity from the project at US¢10.5/kWh.

Planet in Green also reported that it plans to set up additional solar power projects but with much lower installed capacity of around 10-20 MW.

Last year, an unnamed German company was reported to have struck a deal with the Iranian government to set up 1.25 GW solar power capacity. Under the deal, 500 MW of solar projects will be built in Tehran province — including 150 MW in Kahrizak, 200 MW in Varamin, and 150 MW in Malard. Additionally, 750 MW of projects will be constructed in the central Isfahan and north-western Tabriz regions. The construction of the first project is expected to commence in early 2016 with expected completion by May 2016.

This deal is a part of Iranian’s government goal to install 5 GW of renewable capacity by 2020. The implementation of 500 MW wind energy capacity and 100 MW biomass projects has already started.

Several foreign companies are looking to invest in largely un-tapped renewable energy market of Iran. A consortium of Iranian, Indian and South Korean companies aims to set up an energy park in the Khuzestan province in a $10 billion project consisting of 1 GW of solar power capacity. Also, German companies are expected to begin building wind farms in Iran from next year.

06/21/2016 0 comment

Articles Renewable Energy

Italian Companies Announce 1 GW Solar Power Plans For Iran

written by saurabh

After Germany and Spain, companies from Italy have also expressed interest in developing renewable energy projects in Iran.

According to media reports, officials of Italian companies Genesis and Dynkun met with government officials in Iran’s province of Qazvin. An agreement was signed between the parties wherein the Italian companies shall set up a large number of utility-scale solar PV power projects in the province.

Last year, German investors had announced plans to set up large-scale solar power projects across various provinces in Iran. Germany companies announced that 500 MW of solar projects will be built in Tehran province — including 150 MW in Kahrizak, 200 MW in Varamin, and 150 MW in Malard. Additionally, 750 MW of projects will be constructed in the central Isfahan and north-western Tabriz regions. The construction of the first project is expected to commence in early 2016 with expected completion by May 2016.

Earlier this year, the Iranian Energy Minister reported that Denmark has expressed an interest in developing a wind turbine manufacturing facility in the Middle Eastern country. Minister Hamid Chitchian told media agencies that Denmark is looking to build a manufacturing hub in Iran from where it can export the wind energy equipment to other countries in the region.

Image Credit: Alborzagros | CC-BY-SA 3.0

04/30/2016 0 comment