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News > 800 Million Euros British investment in Iran to make sixth largest solar power plant in the globe


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800 Million Euros British investment in Iran to make sixth largest solar power plant in the globe

800 Million Euros British investment in Iran to make sixth largest solar power plant in the globe

UK renewables investor Quercus has signed a deal worth 800 million euros to build and operate a 600-megawatt (MW) solar farm in Iran, the company said on Wednesday.

The work located in central Iran is expected to take three years, with the project coming online in 100 MW phases every six months, Quercus said of its first project outside Europe.

The company will be responsible for the construction, development and operation of the plant, for which it will set up a specialist team based in Tehran to help deliver the project, including a head of engineering, financial controller, project coordinator, planning manager and procurement staff.

The project by Iran's Ministry of Energy has attracted enough interest from private and institutional investors, including sovereign funds.   

 


21:25 - 20/09/2017    /    Number : 475541    /    Show Count : 164



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