{"id":1372,"date":"2017-10-25T09:27:18","date_gmt":"2017-10-25T09:27:18","guid":{"rendered":"http:\/\/madaresharghi.com\/germans-to-invest-120m-in-yazd-solar-power-venture\/"},"modified":"2017-10-25T09:27:18","modified_gmt":"2017-10-25T09:27:18","slug":"germans-to-invest-120m-in-yazd-solar-power-venture","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/germans-to-invest-120m-in-yazd-solar-power-venture\/","title":{"rendered":"Germans to Invest $120m in  Yazd Solar Power Venture"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tEurope&#8217;s renewable powerhouse Germany plans to build a solar farm in central Iran, following in the footsteps of a British company that landed the biggest solar power contract in Iran&#8217;s energy market last month.<br \/> \t&#8220;A German-Iranian firm aims to build 500 megawatts of new solar power capacity in the city of Meybod, Yazd Province,&#8221; Amir Eslamnejad, an official at the unnamed company, was quoted as saying by IRNA on Wednesday.<br \/> \tOperations to build 100 MW of the capacity were expected to go underway on Thursday, according to the official who said the German side will fully finance the power project that is estimated to cost around $120 million.<br \/> \t&#8220;About 10 MW of the capacity are planned to join the power grid by the end of this fiscal year (March 20) and the rest will be launched by the end of the next fiscal,&#8221; he said.<br \/> \t&#8220;About nearly 40% of equipment, including cables, distribution transformers and control systems, are planned to be supplied by domestic manufacturers. The venture will create 500 direct and some 3,000 indirect jobs.&#8221;<br \/> \tIn September, London-based renewable energy investor Quercus signed a $600-million deal to build a 600-MW solar power project in central Iran, the biggest renewable contract in Iran and one of the world&#8217;s largest solar farms.<br \/> \tGermany and Iran both have populations of about 80 million, but share little similarities in the energy industry.<br \/> \tIran meets more than 80% of its electricity demand from thermal power plants that run on fossil fuels while renewables account for a meager 420 megawatts, or less than 1% of its energy mix.<br \/> \tGermany houses over 38,000 MW of solar capacity alone, the world&#8217;s largest installed photovoltaic power capacity, data show. China comes a distant second with 28 GW.<br \/> \tThere is a huge potential in Yazd for solar power. The region receives a great deal of sunshine throughout the year and boasts vast desert plains. Yazd also is at the crossroads of several provinces, which makes it a preferred choice for electricity production and distribution.<br \/> \tMohammad Sadeqzadeh, the head of Iran&#8217;s Renewable Energy and Energy Efficiency Organization, said on Wednesday that foreign investors have proposed $4.1 billion worth of renewable power projects since last year&#8217;s lifting of sanctions.<br \/> \t&#8220;Agreements on $1.5 billion worth of deals are being finalized,&#8221; he said.<br \/> \tWith an installed power generating capacity of 77,000 MW, officials say Iran needs to expand power generating capacity by 5,000 MW annually, or 20,000 MW in four years, to meet rising demand at home and expand its footprint in the regional energy market.<br \/> \tIn roughly the same period, the installed power generating capacity of renewables, including wind and solar, is envisioned to increase by 5,000 MW.<br \/> \tAccording to reports, small-scale solar plants with a capacity ranging from 7 MW to 30 MW are operational or in different stages of development.<br \/> \tSadeqzadeh said last month renewable energies should constitute 25% of new installed power capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Europe&#8217;s renewable powerhouse Germany plans to build a solar farm in central Iran, following in the footsteps of a British company that landed the biggest solar power contract in Iran&#8217;s energy market last month. &#8220;A German-Iranian firm aims to build 500 megawatts of new solar power capacity in the city of Meybod, Yazd Province,&#8221; [&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>Germans to Invest $120m in Yazd Solar Power Venture - 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\/germans-to-invest-120m-in-yazd-solar-power-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germans to Invest $120m in Yazd Solar Power Venture - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Europe&#8217;s renewable powerhouse Germany plans to build a solar farm in central Iran, following in the footsteps of a British company that landed the biggest solar power contract in Iran&#8217;s energy market last month. &#8220;A German-Iranian firm aims to build 500 megawatts of new solar power capacity in the city of Meybod, Yazd Province,&#8221; 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