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Britain's Quercus to cease Iran activity

Power News - Published on Thu, 16 Aug 2018

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REUTERS reported that British renewable energy investor Quercus will cease all activities in Iran, including a 500 million euro (USD 569.90 million) solar power project, due to recently imposed US sanctions on the country.

Quercus chief executive Diego Biasi told Reuters that "Following the US sanctions on Iran, we have decided to cease all activities in the country, including our 600 MW project. We will continue to monitor the situation closely.”

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Posted By : Rabi Wangkhem on Thu, 16 Aug 2018
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