Iran's IRDO to build 100-MW solar park with Italian partner

Iran’s Industrial Development and Renovation Organization (IDRO) and Italy-based real estate and renewable energy group Carlo Maresca SpA will jointly build a 100-MW solar park near Iran’s capital.

The parties have signed a USD-100-million (EUR 81.2m) contract on the development of the project in the weekends, local media reports. The proposed photovoltaic (PV) facility will be situated in the Garmsar Special Economic Zone, in the central province of Semnan. Construction of the plant will take 15 months.

Iran’s government has set an objective to install 5,000 MW of new renewable energy capacity by 2020 and an additional 2,500 MW by 2030. Mohammad Sadeqzadeh, deputy energy minister and head of renewable energy, said, as quoted by local media, that the current cost of solar power in the country of USD 0.04 per kWh is seen to drop to USD 0.03 per kWh by 2020 and decline even further afterwards.

(USD 1.0 = EUR 0.812)

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