Italian Companies Genesis & Dynkun Announce 1 GW Solar Capacity Plans For Iran

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Originally published on CleanTechies.

After Germany and Spain, companies from Italy have also expressed interest in developing renewable energy projects in Iran.

According to media reports, officials of Italian companies Genesis and Dynkun met with government officials in Iran’s province of Qazvin. An agreement was signed between the parties wherein the Italian companies will set up a large number of utility-scale solar PV power projects in the province.

As per the agreement, the two companies will set up 100 solar power projects each with installed capacity of 10 MW. The entire capacity of 1 GW shall be installed over a period of 9-10 years. The total investment for the program is expected to be around $1.5 billion.

Last year, German investors announced plans to set up large-scale solar power projects across various provinces in Iran. Germany companies announced that 500 MW of solar projects will be built in Tehran province — including 150 MW in Kahrizak, 200 MW in Varamin, and 150 MW in Malard. Additionally, 750 MW of projects will be constructed in the central Isfahan and north-western Tabriz regions. The construction of the first project is expected to commence in early 2016 with expected completion by May 2016.

Earlier this year, the Iranian Energy Minister 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.

Image Credit: Alborzagros | CC-BY-SA 3.0

Reprinted with permission.

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

CleanTechnica Holiday Wish Book

Holiday Wish Book Cover

Click to download.

Our Latest EVObsession Video

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it!! So, we've decided to completely nix paywalls here at CleanTechnica. But...
Like other media companies, we need reader support! If you support us, please chip in a bit monthly to help our team write, edit, and publish 15 cleantech stories a day!
Thank you!

CleanTechnica uses affiliate links. See our policy here.


An avid follower of latest developments in the Indian renewable energy sector.

Saurabh has 1037 posts and counting. See all posts by Saurabh

2 thoughts on “Italian Companies Genesis & Dynkun Announce 1 GW Solar Capacity Plans For Iran

  • Keep watching. Iran is looking increasingly serious about renewable energy – contrast Saudi vapourware. It’s not surprising the trade missions have strong political backing: the international community has a very strong security interest in weaning Iran off the fixation with civilian nuclear power. Of course you can’t build a bomb with reactor-grade enriched fuel, but officially the nuclear programme is for civilian purposes. As such, it’s a colossal, Hinkley-on-steroids waste of money. The best way of demonstrating this is successful wind and solar projects.

  • This is good, but it would be nice if Iran abandoned it’s peaceful nuclear program. Nuclear power plants are expensive, have long lead times, are dangerous, and produce nuclear waste which must be stored for 200,000 years. Iran should instead focus on solar, wind and geothermal power to meet it’s future energy needs.

Comments are closed.