Company

Denikon

Trade risk

Italy.

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Summary

"Building on longstanding close commercial ties between Italy and Iran, Italian solar players Genesis, Denikon and Carlo Maresca signed memorandums of understanding for a total of 1.5 gigawatts of solar." (Greentech Media, "Iran Wants to Develop Its Solar Market With Foreign Help. But Trade Restrictions Are Still a Problem." 7/7/2016)  (https://www.greentechmedia.com/articles/read/iran-wants-to-develop-its-solar-market)

Denikon has reportedly “signed a memorandum of understanding with officials from Iran’s northwestern Qazvin province, for 100 PV plants of 10 MW each.”  (PV Magazine, “Italian companies to build 1 GW of solar farms in Iran,” 4/26/2016).

According to Clear Technica, “[t]he entire capacity of 1 GW shall be installed over a period of 9-10 years.  The total investment for the program is expected to be around $1.5 billion.”  (Clear Technica, “Italian Companies Genesis & Dynkun Announce 1 GW Solar Capacity Plans For Iran,” 5/2/2016).

"The agreement was signed on Sunday by Deputy Governor General of Yazd Province for Coordination of Economic Affairs Ali Zeynivand and the representatives of Italy’s Denikon Company and China’s Sinosteel Company in a ceremony marking the first anniversary of World Registration of Historical Texture of Yazd, IRNA reported." (Financial Tribune, "Italian, Chinese Firms to Help Expand Yazd Solar Capacity," 7/10/2018.) (https://financialtribune.com/articles/energy/89450/italian-chinese-firms-to-help-expand-yazd-solar-capacity)

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