Norwegian startup strikes EUR 2.5 billion solar deal with Iran

One year after he was dismissed from an oil services company, a Norwegian electro-engineer has landed an agreement to install 2 GW of solar plants in Iran via his two-man company.

Photo: Mainstream Renewable Power

Norwegian solar company Saga Energy has entered an agreement worth EUR 2.5 billion with state-owned Iranian company Amin Energy Developers for the installation of several solar plants worth 2 GW, to be carried out over the coming four to five years, reports Reuters.

"Iran has said that it hopes to increase the share of renewable energy and we have long worked so that Norwegian companies can come in and carry out the task," says Gaute Kolnes Steinkop, advisor for the Norwegian company, to Norwegian news bureau NTB.

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