German firm starts construction of solar power plant in Iran

Tehran, Oct 10, IRNA – A German-Iranian company started construction of a new solar power plant in Meybod region located at central province of Yazd.

Pasargad Solar Projects Ltd, a German-Iranian Company, in collaboration with Kronos Solar Projects GmbH, international players in large-scale solar energies, announced today the launch of the construction of first phase of a new 100 MW solar power plant in Meybod.

'According to Iran's 6th five-year development plan, Iran has had the green-light and the target of generating over 5,000 MW of renewable energies with 20 years power purchase agreement and many other advantages, the 10 MW Solar Complex with an investment of $12 million is a part of our activities in Iran's renewable energy market in line with attracting foreign investments,' Amir Eslamnezhad, Managing director at Parsia Business Development Solutions which is a partner at the project said.

Translator: Hamdollah Emadi Heydari

Editor: Hamid Shamlou

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