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According to the Islamic Republic of Iran News Agency, Chinese metallurgical and energy group Sinosteel Group has signed an agreement with Italy's Denikon company to jointly build a solar park
with a capacity of up to 1 GW in Iran.
China Steel Group and Italian companies will jointly build a 1 GW solar park in Iran
The MOU envisages the construction of a 500 MW to 1 GW solar park, 20,000 residential solar power plants and a photovoltaic panel manufacturing plant
in the central Iranian city of Yazd.
The project in the sunny city of Yazd, which has been inscribed on UNESCO's World Heritage List, is expected to help the city reduce its reliance on
fossil fuel power generation.
At the same time, the Iranian government aims to install 5 GW of new renewable energy by 2020 and add another 2.
5 GW
by 2030.
China Steel Group has reportedly invested $2.
5 billion
in projects in Iran.
,
According to the Islamic Republic of Iran News Agency, Chinese metallurgical and energy group Sinosteel Group has signed an agreement with Italy's Denikon company to jointly build a solar park
with a capacity of up to 1 GW in Iran.
China Steel Group and Italian companies will jointly build a 1 GW solar park in Iran
China Steel Group and Italian companies will jointly build a 1 GW solar park in IranThe MOU envisages the construction of a 500 MW to 1 GW solar park, 20,000 residential solar power plants and a photovoltaic panel manufacturing plant
in the central Iranian city of Yazd.
The project in the sunny city of Yazd, which has been inscribed on UNESCO's World Heritage List, is expected to help the city reduce its reliance on
fossil fuel power generation.
At the same time, the Iranian government aims to install 5 GW of new renewable energy by 2020 and add another 2.
5 GW
by 2030.
China Steel Group has reportedly invested $2.
5 billion
in projects in Iran.
,