Solar companies are looking at Iran and seeing dollar signs, according to a report commissioned by Germany’s Foreign Office.
The lifting of economic sanctions against Iran has given German solar firms a “huge sales opportunity,” according to the 133-page report.
“The political will in Iran to realize success in this market is abundantly clear,” Joerg Mayer, the report’s author and head of a German solar industry group, told Bloomberg Wednesday. “What counts now for German firms is the speed and determination to build business relations” with Iran. Germany is Iran’s largest European trading partner.
Most solar panels currently in Iran were made in China, but the Islamic Republic wants to attract enough investments to finance its own solar industry. An Iranian official said in November that the country has already partnered with German investment firms to build a 1,250 megawatt solar plant.