European investor announces 600MW Iranian PV project

Facebook
Twitter
LinkedIn
Reddit
Email
Source: Flickr/Chritian Triebert.

Quercus will build a 600MW solar plant in Iran as part of an agreement with the country’s energy ministry.

Quercus will take a lead on development and operation of the plant which will be built at a rate of 100MW every six months for three years.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

A spokesperson confirmed to PV Tech that it had signed a PPA for the project at a “comparable” rate to other large PV sites in the region.

“Following significant interest from potential and existing investors, we are thrilled to be developing one of the world’s largest solar PV plants in Iran, presenting an unrivalled opportunity to tap into the huge potential in the country’s renewable energy market,” said Diego Biasi, CEO, Quercus. “As Iran opens for business, we are delighted to be taking a leading role in building the country’s renewable energy infrastructure at such an early stage of its development.”

The announcement was hosted at the UK’s Foreign Office in London and lauded as an important trade development for post-Brexit Britain.

“Not only is this positive news for us, but also fantastic news for the UK, representing a major milestone for trade relations with Iran. Iran is seeing unprecedented levels of investments since the lifting of international sanctions, and we are proud to be leading the UK’s push into this market,” added Biasi.

The Prime Minister’s Trade Envoy to Iran, Lord Lamont of Lerwick, said: “We welcome initiatives that not only support sustainable energy solutions for the future but also underline the importance of developing improved trading relations between the UK and Iran.”

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 5, 2025
Newly formed firm Solaris Assets has acquired the business operations and assets of Texas-based residential solar installer Sunnova.
September 4, 2025
ARENA has launched the second funding round of its AU$1 billion Solar Sunshot programme, making AU$150 million available.
September 3, 2025
US residential solar prices have remained at historic lows in the first half of the year despite market uncertainty and continued high interest rates.
September 2, 2025
Q Energy has reached financial close for Taurus B, a portfolio of seven solar PV plants in Spain with a combined capacity of 251.71MWp.
Premium
September 1, 2025
The UK’s new Labour government took power last summer, promising a renewable energy revolution, with solar playing a lead role.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines