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Iran, Denmark to co-op in renewable energy field

Business Materials 21 April 2016 17:20 (UTC +04:00)

Baku, Azerbaijan, Apr. 21

By Fatih Karimov - Trend:

Major Danish firm Vestas will help Iran to increase its wind energy production capacity, Mehr news agency reported.

Speaking at an energy workshop in Tehran, Inigo Sabater, the vice president of Vestas said that Iran has good opportunity to develop its wind electricity production capacity.

Producing electricity with wind energy in Iran is economically justified, Sabater said, adding that the company is currently studying development of wind energy and building wind farms in Iran as well as construction and commissioning of wind turbines in the country.

Akbar Shabanikia, deputy head of Iran's Renewable Energy Organization (SUNA) also said in the event that Tehran is keen to use major global companies' experience to improve the capacity of its wind energy production.

Iran is working to update the country's wind energy resource atlas, Shabanikia said, adding the atlas is expected to be completed till next year.

He further said that the investors will be able to study the wind energy producing opportunities in Iran, once the atlas is completed.

Vestas, the global energy company dedicated exclusively to wind energy, earlier had expressed readiness to invest in Iran's renewable energy sector.

Earlier in a meeting with Iran's energy minister, Hamid Chitchian, Sabater said that Iran has a more favorable climate than Spain where 25 percent of the national energy is supplied by wind turbines, 20,000 megawatts of which were installed by Vestas before 2010, while Iran's vast landmass provides the perfect platform to make the most of wind power.

During the meeting, the Danish official proposed an investment plan worth $100 million to be implemented over five to seven years.

"Under the plan, the turbines brought in and installed by the company will generate a significant share of Iran's electrical energy," Sabater said.

Renewable energy currently comprises less than one percent of Iran's energy basket. The country relies heavily on oil and gas as energy resources.

Energy intensity in Iran is also very high.

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