Azar Mehr PargasSolar project developer — Bushehr, Iran
Aerial view of the plant, the highway and the Gulf on the horizon
Bushehr province · Iran

A 3 MW solar power plant, Bushehr, Iran

A project at the ready-to-build stage: land owned outright, construction licence issued, and a technical and financial case built on PVsyst simulation. What remains is construction capital.

Land owned outrightConstruction licence issuedOpen to an investment partner
3 MW
Licensed capacity
96,791
Company-owned site — 45,000 m² licensed for phase one
5,830 MWh
Estimated first-year energy delivered to the grid
USD 1.59 m
Total CAPEX — including the USD 1.29 m core EPC package
10.6%
Base-case IRR (feasibility study)
12 months
Construction period to grid connection
Investment highlights

The development risk is already behind this project

An investor joins a project where land, licence, engineering study and energy sales route are settled.

01

Construction licence

The 3 MW licence is issued in the company's name and covers 45,000 m² on the western side of the site.

02

Land owned

All 96,791 m² is owned by the company; no land acquisition cost sits inside the capital requirement.

03

Solar resource

Global horizontal irradiance of 2,060 kWh/m² per year, from Meteonorm and Solargis data for the site coordinates.

04

Engineering study

Array design, inverter matching and yield estimate are based on PVsyst 7.4 simulation.

05

Access

About 500 m to the Bushehr–Borazjan highway and about 6 km to the medium-voltage grid connection point.

06

Expansion capacity

The remaining eastern land is reserved for a second phase to a combined 7 MW.

Development status

Development status

Four steps are complete. The fifth is where an investment partner comes in.

Investment detail

  • Company incorporatedCompleted

    Azar Mehr Pargas Co. (PJS) registered and its board appointed.

  • Site securedCompleted

    96,791 m² with defined boundaries in Dovireh, Chaghadak district.

  • 3 MW construction licenceCompleted

    Issued in the company's name over 45,000 m² of the site.

  • Feasibility studyCompleted

    PVsyst simulation, array design and a 20-year financial model — August 2026.

  • Investment partnerIn progress

    In discussion with investors and equipment suppliers to fund construction.

  • Engineering, procurement, construction

    EPC selection, equipment supply and a 12-month build programme.

  • Grid connection and operation

    Testing, synchronisation and first energy sales on the green board.

Location

Where the project sits

The site lies on the coastal plain of Bushehr province, a short distance from the main highway; the Gulf shoreline is roughly 12 km beyond that highway.

500 m 12 km 3 MW solar plant Bushehr–Borazjan highway Persian Gulf City of Bushehr — about 20 km Grid connection point — about 6 km

Sequence: plant → about 500 m → Bushehr–Borazjan highway → about 12 km → Persian Gulf. The city of Bushehr is about 20 km away.

Site boundary map

Plant arrays and the Bushehr–Borazjan highway
Technical overview

Technical summary

Full detail is on the project page.

Full specification

Plant typeGrid-connected photovoltaic, fixed-tilt
Licensed capacity3 MW — 3,276 kWp DC / 2,945 kW AC
Licensed footprint45,000 m² of the 96,791 m² site
Specific yield1,780 kWh per kWp per year
First-year energy5,830 MWh delivered to the grid
Energy sales modelGreen power board, Iran Energy Exchange
Construction period12 months from licence renewal
Current stageCapital raise and EPC selection
Why now

Market timing favours this project

Five trends have converged: cheap equipment, a rising sale price and mandated industrial demand.

Global module pricesAbout a third of 2022 levels; manufacturing overcapacity persists
USD 0.109/W
Domestic green power priceGreen board average, 1403 through June 2026
IRR 43,447 → 94,384
National renewable capacityGrowth in under two years, against a 12,000 MW target
1,225 → 5,500 MW
Mandated industrial demandArticle 16: consumers above 1 MW, to 5% over five years
Statutory obligation
Battery storage costTurnkey systems down 31% from 2024
USD 117/kWh

Market data updated 2026. Sources are listed on the market page.

Technical configuration

From module to grid

The electrical configuration follows the licensed capacity and the PVsyst simulation.

5,040bifacial modules of 650 W
168strings of 30 modules in series
19 × 155kW string inverters
2 × 1,600kVA transformers
20kV grid connection

View the full technical overview

Future capacity

Potential expansion to 7 MW

Phase one occupies 45,000 m², leaving more than half the land untouched. Phase two is not a committed project and depends on obtaining further permits.

3
MW — phase one, licensed, on 45,000 m²
7
MW — potential ultimate capacity on the same land, subject to further permits
Gallery

Project visualization

The images below are visualizations of the design on the actual project land. They are not photographs of a completed plant.

Project visualization The plant, the highway and the Gulf on the horizon
The plant, the highway and the Gulf on the horizon
Project visualization Arrays and the Bushehr–Borazjan highway
Arrays and the Bushehr–Borazjan highway
Project visualization The plant in the last hours of daylight
The plant in the last hours of daylight

View all images

Investment

The investment opportunity

Phase one requires USD 1.59 million of construction capital. The terms of each partnership are settled through discussion with the partner concerned.

USD 1.59 m
Total fixed investment required
USD 485
Capital cost per kWp installed
10.6%
Base-case IRR (USD, real terms)
12 months
Construction period to grid synchronisation

See the investment case

Discuss the project with our team

The investment pack covers the technical summary, licence detail, site map and financial model.

Request the investment pack +98 21 2635 5634