Quercus Investment Partners, a renewable energy investment firm based in UK, will invest $600 million in a solar power project in Iran.
Established in 2010, Quercus is regulated by the FCA in UK and has a portfolio of around 40 renewable energy plants across Europe. Iran project is its first investment outside Europe. Its local partner is Sunir which helps to build the plant in conjunction with Spanish firm Bester.
More details follows from Reuters: