The British Photovoltaic Association (BPVA) will construct a $1.7b solar plant with the capacity of 1,000MW in Iran following an agreement concluded with the Iranian government, Trade Arabia wrote.

Chairman of BPVA Board, Reza Sheibani said that besides building the said solar plant, the agreement also seeks establishing a factory at the value of $27.6m to build solar panels and transferring technological know-how to the Islamic Republic, Plant Automation informed.

Sheibani furhter noted: “Construction of the solar plant will be financed by attraction of foreign financial resources and investments, while the solar panel factory, with the capacity of 500MW per annum, will be built via cooperating with Iranian companies.”

BPVA is the National Trade Association of the UK solar photovoltaic industry. It is a strong political and commercial organization.