Solar Europa Global to build wind-solar power plant in Iran

February 20, 2016 - 0:0

TEHRAN – Solar Europa Global, the provider of solar photovoltaic (PV) energy solutions, headquartered in the United Kingdom, would construct a wind-solar hybrid power plant in Iran, the Tasnim news agency reported on Friday.

The company’s managers met a number of top Iranian officials from the Ministry of Energy and Renewable Energy Organization of Iran in Tehran where they discussed investment opportunities for exploiting Iran’s renewable energies.

During the meeting, The British Company agreed to open a branch in Tehran as a subsidiary which would undertake the construction of a wind-solar power plant.

According to Iranian Deputy Energy Minister Houshang Falahatian, in the course of next ten years, Iran aims to generate as much as 50,000 megawatts (MW) of electricity, ten percent of which is slated to be generated from renewable sources. 

To meet the ten-year target of 50,000 MW, he said, 50 new power plants are planned to be constructed. 

He put the current total electricity generation capacity of solar and wind power plants at 250 MW, saying this figure would increase 20-fold over the next ten years. 

According to the officials, Iran has the potentiality to generate 40,000 MW of electricity from solar and wind resources. 

Iranian Energy Minister Hamid Chitchian has also said a number of electricity generation projects, worth €28 billion, are planned to be offered to foreign investors. 

During the next ten years, he said, the country requires $5 billion of investment per year in generation, transmission and distribution of electricity.