Scatec So­lar In Talks to Boost Iran So­lar Power

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OSLO (Reuters) - Nor­way’s 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 wouldn’t 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.

Iran’s 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.

Iran’s in­stalled so­lar en­ergy ca­pac­ity is cur­rently 53 MW, ac­cord­ing to Ira­nian en­ergy min­istry data, but 76 firms have signed deals to study build­ing an ex­tra 932 MW of ca­pac­ity.

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