Germany Sets Sight on Iran’s Renewable Energy Market

 Germany is seeking to establish long-term cooperation with solar companies and industry associations in Iran, a report said.

 

 

Germany has begun working closely with Iran to develop renewable energy strategies based on the successes and failures its policymakers have learned from its own Energiewende (energy transition), Power Magazine reported on Sunday.

Germany’s government recently released a commissioned report titled “Enabling PV Iran,” which discusses opportunities offered by the Iranian photovoltaic (PV) market.

Funded by the German Foreign Office and written by the German Solar Association (BSW-Solar) in cooperation with the consulting firm Eclareon, the Iran-Wind Group, and Pflüger International, the 135-page study aims to establish cooperation with Iranian solar associations.

The preliminary results were presented in Tehran in December, and the full report was released this March.

“The political will in Iran to realize success in this market is abundantly clear,” said report author and BSW-Solar head Joerg Mayer.

He added that "what counts now for German firms is the speed and determination to build business relations” with Iran.

Iran, with its power generation capacity of 70 GW, has incredible renewable energy potential, where wind capacity alone is estimated at 30 GW.

There has been growing enthusiasm for trade ties with Iran after implementation of a final nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany), which took effect on January 16. 

The deal, also known as the Joint Comprehensive Plan of Action (JCPOA), has terminated all nuclear-related sanctions on Iran, reopened the doors of foreign investment to the country’s market, and prepared the ground for a much-anticipated economic boom.

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