{"id":1333,"date":"2017-10-24T23:58:29","date_gmt":"2017-10-24T23:58:29","guid":{"rendered":"https:\/\/madaresharghi.com\/austrian-firm-to-build-4-solar-plants-in-iran\/"},"modified":"2017-10-24T23:58:29","modified_gmt":"2017-10-24T23:58:29","slug":"austrian-firm-to-build-4-solar-plants-in-iran","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/austrian-firm-to-build-4-solar-plants-in-iran\/","title":{"rendered":"Austrian Firm to Build 4 Solar Plants in Iran"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tAustria\u2019s Solar and Benefit Group and Fars Province Investment Services Center signed a memorandum of understanding on Tuesday for building four solar power plants in Abadeh County in the province.<br \/> \t\u201cThe MoU will pave the way for setting up four solar farms with a combined power generation capacity of 70 megawatts, costing $100 million,\u201d said Babak Daei, director general of the Economic Affairs and Finance Bureau of Fars Province and deputy director of the center, IRNA reported.<br \/> \tDaei added that the venture will be made up of two 25-MW plants and two 10-MW units, noting that the provincial investment center is ready to obtain the permits and use state incentives for renewable power production to speed up the construction of the renewable project.<br \/> \tAccording to the official, a plot of land will be allocated to the projects within six months and the Austrian investor is expected to complete the project in seven months.<br \/> \tLast month, London-based renewable energy investor Quercus signed a deal to invest over \u20ac500 million ($600 million) in a solar power project in Iran, with construction to start in the first half of 2018.<br \/> \tThe planned 600-megawatt plant, located in central Iran, will be the sixth largest globally, behind projects of up to 1.5 gigawatts in China and India.<br \/> \tEstablished in 2010, independently-owned Quercus has a portfolio of some 40 renewable energy plants across Europe.<br \/> \tIran is heavily reliant on natural gas and oil to generate energy, but air pollution is driving interest in renewables and Iran has made a commitment to develop 5 GW of new renewable energy capacity by 2020.<br \/> \tThe country&#8217;s installed solar energy capacity is reportedly at 53 MW, Reuters said, referring to Energy Ministry data, but 76 firms have signed deals to study building an extra 932 MW of capacity. Interest has grown since the lifting of international sanctions on Iran in 2016.<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Austria\u2019s Solar and Benefit Group and Fars Province Investment Services Center signed a memorandum of understanding on Tuesday for building four solar power plants in Abadeh County in the province. \u201cThe MoU will pave the way for setting up four solar farms with a combined power generation capacity of 70 megawatts, costing $100 million,\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[639],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Austrian Firm to Build 4 Solar Plants in Iran - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/austrian-firm-to-build-4-solar-plants-in-iran\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austrian Firm to Build 4 Solar Plants in Iran - 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