BPVA - We are pleased to announce that the BPVA and The Renewable Energy Organisation of Iran (SUNA), part of the Iranian Ministry of Energy, have signed a comprehensive cooperation agreement to promote and coordinate the development of up to 1 GW of ground-mount solar projects, transfer of know-how and expertise including certification and standardisation of products and installers which would enable Iran to develop a successful rooftop solar programme. The agreement also covers establishing a state of the art module manufacturing plant with a starting capacity of 500 MW under a joint venture with a tier 1 international manufacturer.
The agreement acknowledges the importance of energy storage in the development of a sustainable renewable energy platform in Iran. The agreement was signed on Thursday 14th July in the UK Parliament in presence of His Excellency Mr Hamid Chitchian, the Iranian Energy Minister, His Excellency Mr Mohammad Hassan Habibollahzadeh the Charge D’affaires of the Islamic Republic of Iran, Lord Barker, Reza Shaybani and a high ranking delegation from the Iranian Energy Ministry and UK officials.
The agreement establishes the BPVA and its members as preferred partners to SUNA in facilitating access to the Iranian solar market for international developers, finance providers, EPCs, contractors and manufacturers. Parties agreed to establish a steering committee which meets regularly to address and resolve issues around the bankability of PPA terms, development and financing considerations raised by the BPVA to date with the first meeting scheduled for the Autumn.
Mr Hamid Chitchian the Iranian Energy Minister said “The Iranian market offers tremendous opportunities to foreign companies in the energy sector and of course the agreement will open the door to many solar energy companies to enter the market. Iran requires huge investments in power industry as 47 to 50 thousand megawatts should be added to the current capacity in ten years’ time. We acknowledge the role the BPVA has played in the UK solar and energy storage market and we are delighted to be able to work with the BPVA in Iran.”
Reza Shaybani BPVA Chairman commented: “We are delighted to have the Minister and his colleagues in London and we hope that this agreement will create massive opportunities for our members in Iran as well as bringing UK and Iran closer together in all businesses in the future.”
During the Iranian Ministry of Energy visit to London an MOU was signed by the Director General of Health, Safety and Environment Department of the Iranian Energy Ministry Professor Bahram Taheri and UKEF’s Head of Business Group Gordon Welsh. The MOU paves the way for UK Export Finance to extend its trade finance and insurance products to British companies developing water and energy projects in Iran.
Mr Chitchian, accompanied by a high ranking delegation, arrived in London on Monday to discuss development of bilateral water and electricity cooperation and attraction of investments to the Iranian energy sector.
The British PV Association is Supporting Partner of the Renewable Energy Trade Mission organized by Solarplaza in Iran from 16-20 October 2016. Find out more.