Denmark eyes Iran wind investment

Denmark is reportedly eyeing the potential for investment in Iran’s wind power sector once sanctions against the nation are lifted.

According to press reports, Iranian energy minister Hamid Chitchian and Danish foreign affairs minister Kristian Jensen met last week in Tehran, resulting in an announcement that Denmark could build a wind equipment manufacturing hub in Iran with the aim of exporting the technology to other Middle Eastern countries.

Wind OEM Vestas was represented in the delegation of 58 Danish companies that visited Iran.

After the visit, Jensen was quoted as saying that once western sanctions on Iran are lifted, Danish exports to the country could increase by up to $72m.

Among the nations that have expressed interest in investing in Iran’s energy sector are India, South Korea, Germany, Azerbaijan and Spain.

Iran aims to develop 5 GW of wind and solar power capacity by 2018.

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