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- Japan’s Abe to meet Iran’s president to discuss easing tension in region
- Downing of US spy drone shattered war threats against Iran: Top IRGC commander
- IAEO head reports development of first ion-therapy hospital in west of Asia
- Iranian Taekwondo team wins 2019 World Cup championship
- US sanctions failed to force Iran to buckle: Report
- Crew fixing Iran oil tanker broken down in Red Sea
- As Iranians hold nerves, US seeks to scare off trade
- Leader expresses concern about Kashmir, urges India to follow fair policy toward Muslim-majority region
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- Iran FM warns US against ‘serious miscalculation’ in Persian Gulf
- Iran’s resistance policy led to release of oil tanker: MP
- Iran in reverse brain drain as top students come home in rising numbers
- Iran official calls for compensation for tanker seizure
- Iran hails N Korea for standing against ‘unilateral’ US demands
- Shia Muslims celebrate Eid Al-Ghadir
- North Korea praises Iran’s anti-US struggle
- Zarif says to meet French president Friday
- Iranian court hearing case of UK oil tanker
- Over half of Japanese voters oppose joining US-led anti-Iran coalition in Persian Gulf: Poll
- IME trade ups by 21 percent in July
- Finland backs INSTEX in defiance of US
- US anti-Iran policy in high seas harms Europeans: LA Times
- Iran, China confer on Syria
- Iran, Finland share views on Persian Gulf dialogue forum: Zarif
- Iran warns US against seizure of oil tanker
- Iraq eager to benefit from Iranian Police’s experience
- Iran planning 3rd step to reduce nuclear commitments: Spokesman
- Leader grants clemency to over 1,000 Iranian inmates
- Registration for Arbaeen Pilgrimage to begin in Iran on Friday
- Iran, Iraq agree to reopen Khosravi border crossing
- Iran deplores suicide attack at Kabul wedding hall
- Iran to hold int'l hand-woven carpets expo
- Zarif meets with Iran-Kuwait Friendship Group members
- Adrian Darya oil tanker not under any sanctions, says Iran envoy
- ‘Iran to stay in nuclear deal as long as its interests are met’
- India envoy happy with positive trend of trade with Iran
- Iran’s annual export of white meat tops 2.5m tons: Minister
- Iranian scientist discovers new state of matter
- Iran, Japan diplomats discuss bilateral ties
- Iran, Ansarullah, European representatives Yemen developments
- ‘Iran to become self-sufficient in producing aircraft engines'
- US issues seizure warrant for Iranian supertanker 'Grace 1'
- Neanderthal tooth unearthed near Iran’s Zagros mountain
- Iran’s Zarif due in Kuwait on Saturday
- US faces humiliating defeat after Gibraltar releases Iranian tanker: Envoy
- Spokesman rejects claim on Iran’s commitment in exchange for tanker release
- Zarif reacts to release of Iranian tanker in Gibraltar
- Israel, UAE engaged in secret talks on Iran arranged by US: Report
- US threatens visa ban as Iranian-operated tanker sets to sail from Gibraltar
- Enemies must factor Iran's global power in their calculations: IRGC's chief commander
- Trump’s administration conflicting messages to Iran baffle go-betweens: Report
- Gibraltar releases Iran-operated tanker despite US pressure
TEHRAN, October 18 - Norway’s Saga Energy signed a 2.5 billion-euro ($2.94 billion) deal to build solar power plants in Iran, the company said on Tuesday, just days after U.S. President Donald Trump’s hostile remarks on Iran and his refusal to certify Iran’s 2015 nuclear deal.
TEHRAN, Young Journalists Club (YJC) - Saga’s preliminary agreement with Iran’s state-owned Amin Energy Developers was the latest in a flurry of deals by foreign companies since the easing of international sanctions on the country in 2016.
The deal, which still depends on finalizing economic guarantees from Tehran, would see the construction over a four- to five-year period of 2 gigawatts of power generation capacity, Saga Energy spokesman Rune Haaland said.
The company will rely on banks, pension funds and Norwegian state export guarantees to fund the plan, and aims to recoup its investment through a 25-year deal on electricity prices, he added.
While Saga and Lithuania’s SoliTek will produce the solar panels, much of the remaining equipment will come from Taiwan’s Delta Electronics Inc.
“They will provide all the installations of electronics such as inverters, for example,” Haaland said of Delta.
Eventually, the plan is to build a plant in Iran to churn out solar panels, he added.
On Friday, Trump announced that he would decertify the 2015 nuclear agreement reached under his predecessor, Barack Obama.
“We are a little bit worried about what Trump is doing, we are very much in favor of the atomic deal, but we will of course continue with our plans whatever Trump does, no doubt about that, nothing can change that,” Saga’s Haaland said.
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