The Industrial Development & Renovation Organization of Iran (IDRO) and SCHMID Group have started a collaboration to set up a photovoltaic (PV) manufacturing facility in Iran.
The parties have signed memorandum of understanding to produce PV modules in Iran.
The plant will feature the entire PV value chain such as production of polysilicon, water, solar cell and module.
Schmid Group will supply the technology, manufacturing lines and plants.
The plant will initially have an annual production capacity of 200MW. It will be expanded to over 1000MW a year in the future.
Iran Deputy Minister of Industry, Mine and Trade and IDRO board chairmanMansour Moazami said: "As an industrial development organization, IDRO is leading establishments of new industries in Iran and has decided for investment in solar photovoltaics manufacturing value chain.
"Our investment is based on a technology transfer and development framework targeting local and global PV markets. We started a collaboration and signed the agreement with SCHMID Group due to their competencies and the state of the art technology ownership."
SCHMID Group president and CEO Christian Schmid said: "The fully integrated manufacturing facility together with the excellent academic infrastructure in Iran will enable an ideal PV research and development hub in Iran and the joint R&D collaboration will be an integral part for our partnership with IDRO."
Image: IDRO and SCHMID Group plan to establish a state of the art manufacturing facility to produce photovoltaic modules in Iran. Photo: Courtesy of SCHMID Energy Systems GmbH.