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Sep 21, 2016 @ 13:40

Swiss MECI Group Signs Deal in Iran for $839 Million Wind Farm


Switzerland’s MECI Group International signed an agreement with Iran’s government to build a 750 million-euro ($839 million) wind farm.

The project, located in the mountainous region in northern Iran, will have 270 megawatts installed capacity, according to a statement from the Swiss holding company. Turbine testing is already happening onsite, according to MECI Chairman Jeremiah Josey.

“Iran is at a very interesting point in history,” Josey said in a phone interview. “There is so much growth to be had. They can get through at least 20 years of technological catch-up in five years.”

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