Featured in Energy Storage Highlights 2018

Hanging in the balance

As U.S. President Trump reimposed sanctions on Iran, many solar companies – predominantly from Europe – were in the process of developing massive project pipelines in the country. These are now in jeopardy, even with the blocking statute imposed by the EU. Those seeking to pursue plans demand safe financial channels from the EU in order to continue developing PV projects, and to signal a clear commitment to the Iran Nuclear Deal.

By

Marian Willuhn

11 Sep 2018

A 1.2 MW solar farm in Kerman, Iran | Image: pv magazine/Ian Clover

In refusing to renew support for the lift- ing of sanctions against Iran in May, as is required by the U.S. President every six months, Donald Trump has again imposed sanctions on the country, which came into effect in early August.While the EU is struggling to find ways to calm investors, and has introduced a …

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