Development Environment Arvand Co., a German-Iranian renewables
developer, signed an agreement to build a 48-megawatt wind farm in
southwestern Iran for 40 million euros ($46 million). The project will be in the Arvand Free Trade Zone in Iran’s Khuzestan
province, project manager Frank
Riesbeck said in a phone interview.
Turbine shipments due to begin in January will be provided by Vestas
Wind Systems A/S and Xinjiang Goldwind
Science & Technology Co., he said. The wind park should be
operational by the middle of next year, said Riesbeck, describing the
investment as private capital from “experienced German wind partners.”
“Renewables are a good solution for the Iranian government as they
want to reduce dependence on oil,” Riesbeck said Monday. “The potential
is very high, especially for the solar industry. The government-set
conditions are getting better and there are high feed-in tariffs.” Iran set a target last year to reach 5 gigawatts of power generated
from renewable energy by 2015, according to the state-owned Islamic
Republic News Agency. The country currently has about 150 megawatts.
That goal has now been extended to 2018, according to Riesbeck. The
Energy Ministry recently boosted feed-in tariffs to the equivalent of 18
U.S. cents a kilowatt- hour, up from 15 cents.
The Abadan, Iran-based company also plans to develop a 20-megawatt
photovoltaic solar plant for 25 million euros in the same free trade
zone. Riesbeck expects funding to be raised from German investors again
and hopes for it to be operational by the end of 2016.
Development Environment Arvand has a pipeline of Iran-focused
projects for a total of 300 megawatts that it hopes may be completed by
the end of 2018. The planning and project development will be done by
Berlin-based consultancy GI Umweltconsult, of which Riesbeck is also a
co-founder.
©2015 Bloomberg News
http://www.renewableenergyworld.com/articles/2015/08/german-renewables-investors-to-fund-iranian-wind-farm.html
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