Denmark Plans Wind Energy Investment In Iran

Another European country has expressed intentions to support the development of the renewable energy sector in Iran.

The Iranian Energy Minister recently reported that Denmark has expressed an interest in developing a wind turbine manufacturing facility in the Middle Eastern country. Minister Hamid Chitchian told media agencies that Denmark is looking to build a manufacturing hub in Iran from where it can export the wind energy equipment to other countries in the region.

Chitchian had earlier revealed that Iran is looking to develop 5 GW of solar and wind energy capacity by 2018. Following fruitful multilateral negotiations regarding Iran’s nuclear energy program, several countries, mainly from Europe, offered their assistance in developing renewable energy infrastructure throughout Iran.

Last year, the Iranian news agency, Mehr, reported that a German company is planning to set up 1.25 GW of solar power capacity in various provinces of the country.

A consortium of Iranian, Indian, and South Korean companies also announced plans to develop an energy park in the Khuzestan province in a $10 billion project consisting of 1 GW of solar power capacity. Also, German companies are expected to begin building wind farms in Iran from next year. Azerbaijan and Spain have also expressed interest in setting up renewable energy projects in Iran.