to-the-point: Medio Energy plans 70 MW of wind, solar in Iran

to-the-point Medio Energy plans 70 MW of wind solar in IranWind farm in Northwestern Iran. Author: Adam Jones. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

December 20 (SeeNews) - German firm Medio Energy Invest GmbH & Co KG is planning to build in Iran about 70 MW of wind and solar power generation capacity.

It has struck a memorandum of understanding (MoU) struck with the Khuzestan Regional Electricity Company (KREC), says a report by the Mehr News Agency. The planned investment amounts to USD 108 million (EUR 103.6m).

On Sunday the news agency cited KREC head Mahmoud Dashtbozorg as saying that Medio Energy will build a 20-MW solar park in Shushtar and a 50-MW wind farm in Bandar-e-Mahshahr.

Other European and Asian firms are also planning to build renewable energy capacities in Iran according to press releases and reports in recent months.

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Iran’s Sixth Development Plan also provided for the installation of 500 MW of new solar capacity by 2018. Iran’s climate is diverse, and many of its regions are arid. Because the south, northwest and southeast regions receive around 300 days of sun per year, they are uniquely suited for solar energy. The Iranian government has prioritized the central region in particular due to its climate and proximity to the national power grid.

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