South Korean party to invest in 17MW Iranian solar project

South Korean investors are reportedly planning to support a 17 MW solar mounting systems project in Center Province in Iran, according to state-run news portal the Islamic Republic News Agency (IRNA).

A South Korea delegation has visited the site at Zarandia County, in northernmost Center, and is expected to invest US$44 million in the project, accounting for 70% of the project, with an Iranian company to provide the remaining 30%.

The project will be built over a period of 15 months on a 28-hectare area of land.

Modest-sized utility-scale PV mounting systems plants are gathering pace in Iran with several 4-10 MW project completions and ground-breaking in recent weeks.