Details of Subscription for Iran's Largest Solar Power Project Fund, Ticker Noor, Announced

According to Boursenews, reporting from a press conference introducing the «Noor» solar power project investment fund, held on Tuesday, 18 August 2026 (27 Mordad 1405) with the head of Iran's renewable energy body SATBA and industry representatives, Mohsen Tarztalab, SATBA's head and deputy energy minister, said subscription for the fund, the country's largest solar power project fund, will take place in the second week of Shahrivar next year. He said energy intensive industries are required to source one percent of their energy consumption from renewables, and can gain legal exemptions by buying shares in the fund.

Seyed Ali Sajjadi, the fund's CEO, said it has received the necessary in principle approval from Iran's Securities and Exchange Organization and is fully tax exempt. He said the minimum subscription amount has been set at 100 billion tomans, with a ceiling that will rise to as much as 5 trillion tomans as the process advances, a range the Securities and Exchange Organization has approved; he said the organization could impose rationing if demand proves very high.