Iran, Norway sign €2.5bn deal on solar power plants

TEHRAN, Oct. 18 (MNA) – Norwegian company Saga Energy has signed a 2.5 billion-euro contract to build solar power plants in Iran, the company said on Tuesday.

The deal was signed just a few days after US President Donald Trump revealed a hostile policy toward Tehran.

Since the lifting of international sanctions on Iran in 2016, foreign companies have shown interest in doing business with the country, sealing several deal the latest of which is Saga’s preliminary agreement with Iran’s state-owned Amin Energy Developers.

According to Reuters, the deal, which still requires finalizing economic guarantees from Iran, entails the construction of 2 gigawatts of power generation capacity over four to five years, Saga Energy Spokesperson Rune Haaland said.

On Friday, Trump announced that he would decertify the 2015 nuclear agreement reached under his predecessor, Barack Obama, leaving its fate to the US Congress which might try to modify it or bring back sanctions previously imposed on Iran.

“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 stressed.


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