Wood Mackenzie’s number-crunchers are the latest analysts queueing up to predict a bumper year ahead for PV, with falling prices, rising efficiency rates and booming markets outside China all on the cards. And it could be a make-or-break year for mega-projects, says Wood Mac.
As U.S. President Trump re-imposed 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 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.
Following the completion of a 10 MW solar PV plant on the Iranian island of Qeshm, the Italian company is now planning to build another two projects with a capacity of 100 MW each in the country.
Interview: Iran intends to build new PV and wind power plants totaling 5 GW in the coming years. The first PPAs have already been signed. Among them, Germany’s Geon secured a FIT contract for a 120 MW solar park. The company’s managing director, Sharam Roghani explains why this is only half the battle and why financing projects in Iran remains difficult. He has not found a lender yet, and time is running out.
Saga Energy, a partner of Taiwan’s Delta Group, has inked a €2.5 billion deal to construct 2 GW of solar PV in Iran, working alongside local partner Amin Energy. Company also hopes to build module fab in the country.
Diego Biasi, CEO of British investment firm Quercus, talks to pv magazine about the company’s plans to develop a 600 MW solar farm in Iran, which will not only be one of the biggest PV plants in the world but a seismic solar development for both the MENA region and Iran.
Another 20 MW solar plant was connected to the grid in the Iranian southeastern province of Kerman, where at the same time construction started on a 100 MW PV facility.