Danish Vestas explores opportunities in Iran’s energy sector

Major Danish firm Vestas is exploring cooperation opportunities in Iran's energy sector, Anders Riis, an official with the company, told Trend.

"There is a great potential on the Iranian market, and Vestas is exploring opportunities there," Riis said.

"We collaborated with SUNA (Iran Renewable Energy Organization) for a workshop on the 18th and 19th of April that presented the benefits of wind energy," he added.

However, Riis underlined that it's too early to speak about specific projects or plans in the country.

Vestas has expressed readiness to invest in Iran's renewable energy sector.

Earlier in a meeting with Iran's energy minister, Hamid Chitchian, Inigo Sabater, the vice president of Vestas 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.

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

Source: Trend

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