Gostaresh Energy completes 10MW solar project in Iran

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Minister of energy Reza Ardakanian opens the plant. Credit: SATBA

Local firm Gostaresh Energy No Atiyeh has completed a 10MW solar PV project in the Yazd Province of central Iran.

The plant opening was attended by the minister of energy Reza Ardakanian and several other officials.

The plant is located 40 kilometres from Yazd City and was constructed over six months using 500 billion Rial (US$15 million) from a National Development Fund facility.

Ardakanian highlighted the country’s plan to hit 4GW of solar PV and said renewables had a role in preserving water resources. He also said the government is working on a legal mechanism to guarantee the purchase of energy from such projects, which should maintain the current wave of interest in Irans’ solar sector both from local and foreign investors.

Iran is also planning a 1.5GW solar project along the Tehran-Qom Highway that runs through the centre of the country, and has started to see action on several modest utility-scale plants.

Read Next

PV Tech Premium
January 14, 2022
Raising more than US$1 billion in equity capital in the past year, US independent power producer (IPP) Silicon Ranch is looking to expand its model of developing, owning and operating large-scale PV plants while maintaining a strategy of co-locating projects with regenerative agriculture.
January 14, 2022
SMA Solar has cut its earnings forecast for the year by more than half pending a contract issue affecting its operations and maintenance business.  
January 14, 2022
Changzhou Better Film plans to invest RMB800 million (US$125 million) into establishing 20GW of ethylene vinyl acetate (EVA) production in the Chinese city of Chuzhou.
January 11, 2022
Impax Asset Management is collaborating with clean energy financial technology provider Bullfinch Asset to invest in distributed solar generation in Germany.
January 11, 2022
PosiGen, a US provider of residential solar and efficiency solutions for low- to moderate-income (LMI) households, has secured US$100 million in preferred equity financing.
January 11, 2022
European solar investor NextEnergy Capital (NEC) has sold a 150MW portfolio of Italian solar assets to Rome-headquartered investment group Tages.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal