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Saga joins Iranian solar energy rush

Norway’s Saga Energy has signed a €2.5bn ($2.9bn) contract to build solar power plants in Iran, the latest in a growing trend for large renewable energy deals involving European companies in the Islamic Republic. The deal, signed with state-owned Amin Energy Developers, covers power plants at six sites across Razavi Khorasan, Kerman and Yazd provinces. The initial step will involve a 180MW plant but the full contract covers up to 2GW of power generation capacity developed over four to five years.

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