Azar Mehr Pargas3 MW solar power plant
Investment opportunity

What we bring, and what a partner brings

The company has secured the land and the licence. The partner's contribution is the capital to build. The exact structure is agreed case by case.

Our contribution

A project ready to build

  • 96,791 m² site with defined boundaries — 45,000 m² of it under licence
  • 3 MW solar construction licence in the company's name
  • Registered legal entity with an open project file
  • Permitting, follow-up approvals and local coordination
  • Construction management and operation after commissioning
Partner's contribution

Construction capital and equipment

  • Funding for modules, inverters and structures
  • Or equipment supplied in lieu of cash
  • Or staged funding tied to construction milestones
  • Optionally, an EPC contractor the partner already trusts
Partnership models

Three ways in

All three are on the table; the choice depends on the partner's preference and mutual agreement.

Joint construction

The investor funds construction and shares in the plant's power sales revenue on agreed terms.

Equity participation

Acquiring a shareholding in the project company, with a role in governance and long-term returns.

Equipment supply

Suited to manufacturers and suppliers who would rather contribute hardware than cash.

Financial frame

Indicative scale of the investment

Total capital required to build the 3 MW plant is estimated at USD 1.5 million. A detailed cost breakdown comes with the financial model, once equipment is finally quoted.

Indicative investment
Total capital requiredUSD 1.5 million
Cost per MWApproximately USD 0.5 million
Construction periodAbout 8–12 months from financial close
Operating life25 years
Annual O&M costAbout 1.5–2% of initial capital expenditure

How revenue is generated

Revenue comes from selling generated electricity, either under a long-term renewable power purchase agreement or on the power market. At an estimated 5.2 GWh per year, the project's revenue stream can be modelled with reasonable confidence.

Guaranteed purchase tariffs and contract terms for renewable power follow current Ministry of Energy rulings and are updated at the time of signing. Nothing on this page constitutes a guaranteed return.

Revenue projection

Revenue at the actual green-board price

Based on the latest recorded trades on the green power board of the Iran Energy Exchange: monthly base-load contracts at an average of IRR 94,384 per kWh, in a range of 91,000 to 96,000.

Price per kWh

9,438toman — green board, monthly base load

Gross revenue, year 1

49billion toman (about USD 262,000)

Five-year revenue, flat price

243billion toman (about USD 1.3 million)

Assumptions: 5.2 GWh generated per year, all of it sold on the green board at today's price, with no escalation and before operating and maintenance costs. USD equivalents use a rate of 187,000 toman. Green-board prices move daily; this table is not a guaranteed return.

Market trend

Green power prices have risen year on year

Since the green board opened on the Iran Energy Exchange in mid-2023, both price and traded volume have climbed steadily. The driver is a legal obligation on industrial consumers above 1 MW to source part of their electricity from renewables — a share that rises by one percentage point every year.

Average green power price — IRR per kWh
39,381
Year 1403
(2024/25)
58,162
Year 1404
(2025/26)
75,509
Jun 2026
monthly avg.
94,384
15 Jun 2026
base-load

Price growth, 1403 to 1404

48%annual average, from 39,381 to 58,162 IRR

Growth into mid-2026

30%above the year-end 1404 average

Demand growth

2.1×traded volume, from 667 to 1,425 million kWh in one year

Three scenarios

Five-year revenue under three assumptions

Switch scenario and the chart and data table update instantly. The conservative case assumes the green price never rises at all; the other two apply annual growth rates below what the market has actually delivered in recent years.

These figures cover the 3 MW first phase only. Expanding to 7 MW on the same site scales revenue accordingly, while the land and part of the shared infrastructure are already paid for. Much of the price growth is also nominal and offsets inflation and currency movement, so a rising rial price does not automatically mean a rising dollar return. Figures are gross, before operating and maintenance costs, and assume 0.5% annual panel degradation.

Questions

What investors usually ask

Has the licence really been issued?

Yes. The 3 MW construction licence is in the company's name, and copies of the documents are provided after an initial discussion.

What is the land tenure?

The site is held for the project with defined boundaries; supporting documents are part of the investment pack.

Can foreign investors participate?

Yes. Structures for foreign participation can be arranged within Iran's foreign investment framework.

Is there a minimum ticket size?

The project works for a single investor or for a consortium of several.

Can capacity go beyond 3 MW?

Yes. The current licence covers 45,000 m², leaving 51,791 m² free; capacity can reach 7 MW subject to additional permits.

What if the green price falls?

Our conservative case holds the price flat at today's level, so the model works with no growth at all. The real risk is not a falling rial price but price growth lagging inflation.

Who manages the project?

Execution and local coordination sit with our team; investor oversight is defined in the agreement.

Request the investment pack

One short call is enough to start. We then send the licence documents, site details and financial model.

Send a request +98 912 143 0764