At a time when the future of the Iran nuclear deal seems uncertain, European companies are pushing forward with renewable energy cooperation with the Middle East country.
Norwegian solar modules manufacturer Saga Energy has reportedly signed an agreement with Iran’s Amin Energy Developers for setting up a 2 gigawatt solar power project. The total value of the deal is estimated to be $2.9 billion. Few details are available about the agreement, but the project is likely to be operational in five years.
This is on top of two large solar plants initiated in Iran earlier this year.