German investors will build one of the world’s biggest solar power plants in Iran, in its central province of Isfahan, powering 475,000 households for 30 years, the Financial Tribune reported. The project is to prevent the emission of 1,130kg of carbon dioxide. A representative of an investing company said that he believed the Sagzi region in Isfahan was an ideal location for the mega-project.

Iran is planning to make use of Germany’s long experience with clean and renewable energies, according to a source in the German investing company, speaking at the International Investment Opportunities’ Convention in Creative City of Isfahan.

Iran is also drawing up contracts for solar and wind power plants to generate 1,000MW, Deputy Energy Minister, Houshang Falahatian, said, according to The Tehran Times. The contracts should be concluded with mostly Iranian companies by mid March 2016.
Falahatian explained that Iran aimed to generate as much as 50,000 MW over the next ten years, with 10% coming from renewable sources. As it stands, 250 MW was the current total capacity of solar and wind power plants in the country, demanding a 20-fold increase over the next ten years. The country’s overall potential from solar and wind stood at 40,000 MW.