Advertisement

Norway's Scatec Solar in talks to boost Iran's solar power

From Reuters - September 15, 2017

* If project goes ahead, plant would generate 120 MW

* Irans current solar power capacity is 53 MW

* Scatec Solar also eyeing Myanmar, Bangladesh

* Dividend payable in 2018 seen stable yr/yr

* Dividend payment in 2019 seen rising yr/yr

By Lefteris Karagiannopoulos

OSLO, Sept 15 (Reuters) - Norways Scatec Solar is in talks to build its first solar power plants in Iran, its chief executive told Reuters, joining a wave of foreign energy firms looking to invest in the oil major.

The Oslo-listed firm, which builds and operates solar power plants worldwide, wants to generate 120 megawatts of power in Iran, rising to 500 MW later.

I wouldnt like to say by when we expect a signed deal but we are actively working on it, CEO Raymond Carlsen said in an interview.

The initial project under discussion would cost $120 million per 100 MW installed, he said, or roughly $132 million.

Irans firms and 80 million inhabitants are heavily reliant on natural gas and oil to generate power. However, air pollution is helping drive Iranian interest in expanding renewable energy capacity.

Advertisement

Continue reading at Reuters »