Carbon Mercantile Exchange (CMX) signs agreement with Iran to co-develop 200 MW of Solar

Tehran, Iran – September 12th, 2016 – Carbon Mercantile Exchange (CMX) has executed a partnership agreement with Behnaman Energy Group to co-develop two hundred (200) megawatts (MW) of Solar energy in Kerman. The entire project will see the construction of twofacilitieswith a nameplate capacity of 100 MW’s each.

The agreement represents an extensive partnership between CMX and Behnaman, which will be privately financed. The contract has been signed for a period of 20 years and the project is expected to commence in autumn this year.

A representative from CMX stated: “We are pleased to come to this contractual agreement together with our Iranian partners at Behnaman Energy Group. Our interest in Iran is extremely high and we hope to grow our energy portfolio and continue to develop commercial energy opportunities in the Country.”

Iran has formulated plans to diversify electricity generation from the plants that use renewable energy sources, such as wind or solar power.

The country’s electricity industry ranks 14th in the world and first in the Middle East in terms of electricity generation by having an installed power generation capacity of 67,806 MW.

Solar photovoltaic generation, known as PV, contributes 96 to 98 percent less greenhouse gases than electricity generated from 100 percent coal, according to the Energy Research Center of the Netherlands.

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