Athos Solar installs two utility-scale PV plants in Iran

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The venture required investment of nearly €20 million, with 100% equity coming from Athos Solar. Credit: Athos Solar

Germany-based firm Athos Solar has installed two utility-scale solar PV plants near Iran’s capital Tehran.

The projects have a combined capacity of 14MW and are located over 10 hectares each in the province of Hamedan. They include 40,000 modules from China-based manufacturer Canadian Solar.

The venture required investment of nearly €20 million (US$21 million), with 100% equity coming from Athos Solar.

Christian Linder, CEO of Athos Solar, said this is the only way that projects can be financed in Iran at present, while claiming that financing via banks is not yet possible.

Linder added: “These are the first large-scale solar systems to be built in Iran after the sanctions were lifted in spring 2016. The joint project initiated two business partners from Iran and England, who also developed the project rights and sold them to the newly-founded joint holding company. 

“We have implemented the project together with our established partners from Germany, and have commissioned Iranian companies both for preparatory land works and for electrical works. Renewable energy will also play an increasingly important role in Iran.”

The plants were completed within nine months of first contact with the Iranian developer and Athos Solar now plans further projects in Iran and the Middle East.

Read Next

December 9, 2020
Renewables developer BayWa r.e. has received a major capital injection of €530 million (US$642.3 million) through the sale of a 49% stake in the outfit to Energy Infrastructure Partners (EIP).
March 24, 2020
ACWA Power-led consortium taps six international and local lenders for US$275 million in senior debt.
November 7, 2019
Heidelberg-based firm turns to Southern European state for first unsubsidised solar venture after deploying conventional projects in Germany and the UK.
October 3, 2019
The equity transfer comes weeks after Meralco launched a 2MW/2MWh battery electric storage system 50km north of Manila that will work to stabilise energy from a 3.8MW solar farm.
August 1, 2019
Jordan's largest private-to-private project on track after cinching US$35m, Iran adds 16GWh plant to national grid, Enertis, IES and UNEF team up to train Tunisian engineers.
July 11, 2019
Finland’s Taaleri walks PV Tech through solar investment rationale of SolarWind II Fund, which has just secured €219m of a €300m target.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021