December 4 (Renewables Now) - Industrial Development & Renovation Organization of Iran (IDRO) is moving forward with plans to create a joint venture with Chinese and Hong Kong-based companies to manufacture solar panels in Iran.
IDRO has entered into a memorandum of understanding (MoU) with the companies Sunshine and Konda Energy, the Islamic Republic News Agency (IRNA) reports today.
IRNA quoted Fardad Daliri, deputy head of IDRO for promoting advanced industries and energy mega projects, as saying that the JV will be registered in a month, upon completion of its articles of association.
The MoU outlines IDRO’s plan to take a 30% stake in the new company and to build a research and development (R&D) centre in Iran, Daliri has said.
According to the article, Iran already has seven operational solar panel production units.