MECI Group International

Energy
Switzerland

"Iran's top renewable-energy authority denied that it's signed any agreement covering electricity generation projects with a Swiss developer that has said it obtained power-purchase agreements for 370 megawatts of installations. The Renewable Energy Organization of Iran, which is known as Suna, hasn't signed any deal with MECI Group International, said Jafar Mohamadnejad Sigaroudi, the deputy in charge of planning and development at the organization..." (Bloomberg, "Iran Denies It Made Power Plant Deal With MECI for 270 Megawatts," 10/5/2016).

--

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… MECI, which also agreed to build a 100-megawatt combined heat and power plant that will burn natural gas, will finance the project with a bond issue and equity partners, according to Josey.  Josey anticipates signing agreements for another 500 megawatts of renewable-energy plants once the wind farm progresses. MECI has a target to install 1 gigawatt of clean power in Iran, which will be a mix of solar and wind. (Bloomberg, "Swiss MECI Group Signs Deal in Iran for $839 Million Wind Farm," 9/20/2016).