Chinese companies have signed a major supply agreement with Iran to provide up to 7GW of photovoltaic modules to the Iranian side. The procurement funds for this project are provided by Iran's sovereign wealth fund (NDFI), and component delivery will continue until the end of March 2026.

This cooperation is part of an important economic contract reached by both parties earlier in 2025. Iran has long faced power shortages, especially during the peak summer electricity demand period when the power grid is under immense pressure. The supply of these photovoltaic modules will directly help alleviate the tight domestic power supply situation.

It is reported that Iran has previously cooperated with Chinese companies in multiple energy technology fields such as smart grid technology, switchgear, and energy storage systems. Faced with the growing demand for electricity, the Iranian government is vigorously promoting the expansion of renewable energy. Its National Development and Investment Fund has been approved to invest nearly 4 billion US dollars to build an 8GW renewable energy power plant, and set up an additional 1.5 billion US dollars in special funds to support the construction of photovoltaic projects.

The Iranian Ministry of Energy predicts that the country's installed capacity of renewable energy will increase 25 times in the next three years, reaching nearly 30GW. The signing of the 7GW component order marks a crucial step for Iran in achieving this ambitious energy transition goal. Editor/Yang Beihua