Iran has commissioned German Green Invest 3000 GmbH to set up a PV solar farm in city of Ahvaz in South West Iran, reported Mehr News Agency

A memorandum of understanding (MoU) was signed between officials of Khuzestan District Electricity Company and Green Invest 3000 GmbH–a subsidiary of German investment consortium Green Energy Group that specializes in wind turbines and photovoltaic parks.

The 10-megawatt solar power station is the first electricity generating joint project between Iran and Germany.

Hoshang Falahatian, Iran’s Deputy Energy Minister, told the reporters that this agreement would soon be followed by projects for new power plants.

The agreement came after months of bilateral talks, following  German Vice Chancellor Sigmar Gabriel’s visit in July, heading the first European delegation of business leaders to come to Iran following the nuclear deal.

According to Press TV, the two countries had originally signed a document for the generation of 100 megawatts of wind power in addition to 400 MW of solar power in Khuzestan in August.

Italy’s Fata also signed a $543 m contract with Ghadir Investment Company to build a power plant in Iran.

Energy Minister Hamid Chitchian added that the government hopes to attract $50 b worth of investment in water and electricity projects over the coming years.