Iran, China Sign Agreement to Jointly Produce Renewable Energy Inverters

TEHRAN (Iran News) The memorandum of understanding (MoU) was signed on Monday evening, November 10, between an Iranian knowledge-based company and a Chinese industrial firm. The agreement was facilitated through collaboration among Iran’s Ministry of Energy, Ministry of Economic Affairs, and Ministry of Industry, Mine and Trade (MIMT).

This marks the first time Iran will host the transfer and local production of such advanced technology for the renewable energy industry. Under the agreement, the Chinese company will invest $150 million in Iran to establish production and research facilities.

Ali Mahmoudian, CEO of Behin Energy Industrial Group, said the agreement represents a major step toward expanding the use of modern technologies in Iran.

“The use of renewable energy technologies is growing rapidly around the world—and in Iran, this usage doubles every year,” Mahmoudian said. “This trend makes investment in renewables increasingly attractive.”

He noted that under Iran’s Seventh Development Plan, the government is focusing on addressing the country’s electricity imbalance by expanding renewable power generation. More than $15 billion in investment is projected for renewable energy development in the coming years.

Mahmoudian added that localizing inverter production will help Iran save up to $1.5 billion in foreign currency annually, which would otherwise be spent on imports.

“Initially, the components will be imported in CKD (completely knocked-down) form,” he explained. “As the domestic value chain is completed, full local production will be achieved.”

The Behin Energy CEO emphasized that this collaboration aligns with Iran’s national goal of developing 30,000 megawatts of renewable energy capacity.

“This agreement is a crucial step toward achieving that target,” Mahmoudian said.

The cooperation between Iran and China in inverter production is expected to not only strengthen Iran’s renewable energy sector but also advance its technological self-sufficiency in clean energy infrastructure.