South Korea’s KTC  signed a deal  worth $820m with Iran’s investment and economic development committee to build a solar plant in the southern city of Fasa, as well as a wind farm in the southeastern city of Zabol, reported Tehran Times.

According to the agreement between KTC and Iran’s Green Energy Company, the Korean company will finance $220m to build a 100MW wind farm in Zabol. Moreover, the firm agreed with Shiraz’s Azad University to allocate $600m to a 200MW solar plant in Fasa, informed Global Times. KTC will also transfer new technologies to Iran during the construction of the mentioned facilities.

In related Iranian solar news, Egypt Oil&Gas reported in July that the British Photovoltaic Association (BPVA) would construct a $1.7b solar plant with the capacity of 1,000MW in Iran following an agreement concluded with the Iranian government. Moreover, a contract worth almost $44m had been inked with Italian and Swiss investors for building Iran’s biggest solar power plant in North Khorasan province.