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Swiss MECI Group Signs Deal in Iran for $839 Million Wind Farm

  • Renewables would enable nation to export more oil and gas
  • Chairman seeking to install 1 gigawatt of wind and solar

Switzerland’s MECI Group International signed an agreement with Iran’s government to build a 750 million-euro ($839 million) wind farm.

The project, located in the mountainous region in northern Iran, will have 270 megawatts installed capacity, according to a statement from the Swiss holding company. Turbine testing is already happening onsite, according to MECI Chairman Jeremiah Josey.