Norway inks €2.5b deal to build solar farm in Iran
TEHRAN – A Norwegian company called Saga Energy has signed a €2.5 billion ($2.94 billion) deal with Iran’s state-owned Amin Energy Developers to build solar power plants in Iran, Reuters reported citing the company’s directors. Based on the deal, solar power plants with two gigawatts (GW) of power generation capacity will be constructed over a four- to five-year period, Saga Energy spokesman Rune Haaland said. The company will rely on banks, pension funds and Norwegian state export guarantees to fund the plan, and aims to recoup its ...
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