Athos Solar self-finances and completes another 17MW of solar parks in Iran

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The solar power station near Ebrahimabad generates 8.5 MWp. Credit: Athos Solar

German firm Athos Solar has completed two more large-scale PV systems in Iran, each with 8.5MW capacity in the province of Hamadan.

The Baba Taher and Bo 'Ali Sina projects required investment equivalent to €15 million and they were financed with equity capital from Athos Solar. Both projects cover 10 hectares of land each.

The company now operates five PV projects in Iran producing around 40MW, with the first three each producing 7-8MW, also in Hamadan.

“We are proud of the fact that we completed the two new power stations in minimum time without any problems,” said Christian Hamacher, Athos Solar’s country director for Iran. “We can now rely on a wealth of experience when it comes to processes and local conditions in Iran – which is especially beneficial for planning, logistics, and operations.”

The Greencells Group based in Saarbrücken, Germany, provided EPC services for both stations.

As Athos Solar explained to PV Tech last year – discussing Iran's first ever large-scale PV projects – the company still believes that financing construction projects in Iran with funds from international banks in the West is still not possible.

Hamacher added: “The anticipated return on investment for the first five solar parks is very good and helps counterbalance geopolitical and currency risks. Of course, we are hoping for stable framework conditions in the Middle East in order to plan and implement further projects.”

Iran's large-scale sector is gaining momentum with multiple projects in the 5-15MW range completed in recent months.

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

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021