Mobarakeh Steel Company To Finance Solar PV Plant In Iran With $500 Million

rows of solar modules in photovoltaic power station
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Renewable energy policies and energy efficiency can significantly reduce the demand and supply of fossil fuels, such as oil, natural gas, and coal-fired power stations in Iran.


Meysam Latifi, the assistant of the Iranian president and head of the Organization for Public Administration and Employment Affairs made the statement to officially break ground for a 600 MW photovoltaic power plant in Kouhpayeh County, Isfahan Province.


Mobarakeh Steel Company will finance the project, which is estimated to cost $500 Million. It is the largest steel company in the region, as well as the Middle East and North Africa MENA.


He noted that the Kouhpayeh PV Power Station will be one of the largest in Iran. It is expected to be operational within 3 years.


Officials claim that the first phase will add nearly 100 MW to the nation’s power grid by July.

“The solar farm will take place on a 1,200-hectare parcel of land. It is expected that it will reduce natural gas consumption by approximately 350 million cubic meters annually.”

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