Business A.M
No Result
View All Result
Sunday, March 1, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Power

Iran opens 61MW wind farm as it looks to renewables to meet electricity demand

by Admin
August 28, 2018
in Power

Iran has opened its largest wind farm as it hopes to procure electricity from renewable sources such as wind, solar and hydro it has emerged.

The 18 turbine wind farm in Tarom county in northern Iran has a generating capacity of 61 megawatts (MW) hours of power annually and cost 86 million euros, the country’s official news agency has said.

“The wind farm has been built in one year, using the latest technology in the world, at a cost of 86 million euros,” the report from the country’s energy ministry said.

The news agency added that Iran has one of the most comprehensive plan to harness renewables in the Middle East, and more than 250 companies have signed agreements to add and sell power from about 5,000 MW of new renewables in Iran.

Among them is Dutch energy firm Global Renewables Investments (GRI), which is about to build solar and wind farms that could produce up to 1,700 MW of electricity. Also, Norway’s Saga Energy is building a 2,000 MW of new solar energy which would cost 2.5 billion euros.

UK renewables investor Quercus, however, halted earlier this month a deal worth over half a billion euros to build and operate a 600 MW solar farm in Iran.

The country currently has 400 MW of renewable capacity in place and is advanced in its development of renewable energy in the Middle East, mostly due to its past investments in hydro schemes.

Iran is also pushing the envelope on its green fleet efforts to establish other greener capacities, ranging from wind power to solar farms and burning biomass and waste to heat homes.

According to Homayoun Haeri, Iranian deputy energy minister, Iran’s renewable energy capacity will grow to 1,000 MW by March 2019.

Admin
Admin
Previous Post

AIICO to underwrite agriculture risks following NAICOM approval

Next Post

$250m Africa’s second largest brewery opens in Nigeria’s Sagamu, Ogun State

Next Post

$250m Africa's second largest brewery opens in Nigeria's Sagamu, Ogun State

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

BUA takes Nigeria’s agro-industrial ambition to global stage

BUA takes Nigeria’s agro-industrial ambition to global stage

February 27, 2026
IIF drives transition from gender advocacy to financial market implementation

IIF drives transition from gender advocacy to financial market implementation

February 27, 2026
FAAN unfolds details of N712.3bn upgrade plan for world-class MMIA 

MMIA fire: Ganduje laments equipment loss, lauds FAAN’s temporary terminal

February 26, 2026
M-KOPA reports 77% income utilisation rate from smartphone financing

M-KOPA reports 77% income utilisation rate from smartphone financing

February 26, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

BUA takes Nigeria’s agro-industrial ambition to global stage

BUA takes Nigeria’s agro-industrial ambition to global stage

February 27, 2026
IIF drives transition from gender advocacy to financial market implementation

IIF drives transition from gender advocacy to financial market implementation

February 27, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M