GEP Group

What GEP Group does

GEP Group (Green Energy Partners) is a privately held Iranian developer and operator of utility-scale solar photovoltaic power plants, founded in 2017 and headquartered in Tehran. The company acquires land, secures permits, constructs grid-connected solar farms in the 3–20 MW range, and sells the generated electricity to Iran's national grid under the country's renewable energy feed-in tariff / PPA framework. GEP typically executes projects through dedicated subsidiary or partner project-companies (e.g., Aftab Taban Kavir Part, Pars Energy Takht Jamshid, Taban Afrouz Apadana, Hamoon Energy Khorshid Pak Kakhheshan), each owning an individual plant.

The company's portfolio comprises 50 MW of operational grid-connected capacity across four provinces — Khousf (10 MW, South Khorasan), Kourdeh (10 MW, Fars), Majlesi (10 MW, Isfahan), Narmashir (10 MW, Kerman) — supplemented by smaller 3–4 MW industrial-adjacent units (Nour Part, Neda). A 20 MW Shahreza solar farm in Isfahan Province is under construction, expected to produce over 40 GWh per year and power approximately 11,000 households. GEP publicly targets 100 MW of installed capacity by end of 2027.

GEP's revenue model is the long-term sale of electricity under regulated feed-in tariffs and PPAs with government utilities, generating recurring revenue over the 25–30 year operating life of each plant. Construction cycles run 6–12 months from permit to grid connection. Go-to-market is direct B2B engagement with energy sector stakeholders; the company also organizes the annual IranGrain International Conference (~800 participants, 32 sponsors), an unusual brand-building move for a pure-play solar developer. No customer logos beyond the national grid off-taker are disclosed, and no revenue, headcount, funding, or ownership structure details are publicly available.

Name

GEP Group

Legal name

Green Energy Partners

Website

https://gepirn.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

GEP Group is a privately held Tehran-based developer and operator of utility-scale solar photovoltaic power plants in Iran, selling electricity to the national grid under feed-in tariff and PPA frameworks across a 50 MW operational portfolio in four provinces.

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Power Generation

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

Keywords

• Utility-scale solar development
• Solar photovoltaic plants
• Renewable energy projects
• Grid-connected solar farms
• Solar power generation

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D

Revenue model

1. Solar Electricity Generation and Sale: GEP Group develops, builds, and operates solar power plants that generate electricity sold to the national grid under Iran's renewable energy feed-in tariff or power purchase agreement (PPA) framework. Revenue is generated from the sale of electricity over the 25–30 year operational lifespan of each plant.
2. Solar Project Development Services: The company develops solar projects through subsidiaries and partner companies (e.g., Aftab Taban Kavir Part, Pars Energy Takht Jamshid), handling the full project lifecycle from permitting to grid connection, with some projects constructed for third-party ownership structures.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

GEP Group develops, builds, and operates large-scale photovoltaic (PV) solar power plants in Iran, ranging from 3 MW to 20 MW capacity per project. The company currently has 50 MW of grid-connected solar capacity operational across four provinces (South Khorasan, Fars, Isfahan, and Kerman), with an additional 20 MW under construction (Shahreza) and a stated target of 100 MW installed capacity by end of 2027.

Product overview

GEP Group is an international developer and innovator in the renewable energy sector, specializing in large-scale photovoltaic (PV) solar power plants in Iran. The company's product portfolio consists of utility-scale solar farms ranging from 3 MW to 20 MW capacity. GEP operates a portfolio of grid-connected solar plants with 50 MW of operational capacity across 4 provinces, including Khousf (10 MW), Kourdeh (10 MW), Majlesi (10 MW), Narmashir (10 MW), and multiple Nour Part installations. An additional 20 MW is under construction at Shahreza. The company targets 100 MW of installed capacity by end of 2027.

Differentiator

Problem solved

Functional benefit

Products and services

• Utility-Scale Solar Photovoltaic Power Plants End-to-end development, construction, and operation of large-scale photovoltaic (PV) solar power plants in Iran ranging from 3 MW to 20 MW capacity per project. Electricity generated is sold to the national grid and government utilities under Iran's renewable energy feed-in tariff or PPA framework over a 25–30 year operational lifespan.
• Khousf Solar Power Plant A 10 MW grid-connected solar PV plant located in Khousf, South Khorasan Province, Iran. Developed by subsidiary Aftab Taban Kavir Part and connected to the national electricity grid under Iran's renewable energy framework.
• Kourdeh Solar Power Plant A 10 MW grid-connected solar PV plant located in Kourdeh, Larestan, Fars Province, Iran. Developed by subsidiary Pars Energy Takht Jamshid.
• Majlesi Solar Power Plant A 10 MW grid-connected solar PV plant located adjacent to New Town of Majlesi, Isfahan Province, Iran. Developed by subsidiary Taban Afruz Apadana.
• Narmashir Solar Power Plant A 10 MW grid-connected solar PV plant located in Narmashir, Bam, Kerman Province, Iran. Developed by subsidiary Hamoon Energy Khorshid Pak Kakhshzan.
• Nour Solar Power Plant A 3 MW grid-connected solar PV plant located in Khusf, South Khorasan Province, Iran, near Shahid Rahmani Industrial Town. Developed by Kavir Suzan Nour Mehr.
• Nour Part Solar Power Plant A 3 MW grid-connected solar PV plant located in Khusf, South Khorasan Province, Iran, near Shahid Rahmani Industrial Town. Developed by G roup Energy Khorshid Derakhshan Part.
• Neda Solar Power Plant A 4 MW grid-connected solar PV plant located in Khusf, South Khorasan Province, Iran, near Shahid Rahmani Industrial Town. Developed by Group Energy Khorshid Derakhshan Part.
• Shahreza Solar Power Plant A 20 MW solar PV plant under construction, located adjacent to Razavi Industrial Town, Shahreza, Isfahan Province, Iran. Developed by Group Energy Solar Mehr Shadab Shahreza with projected annual output exceeding 40 GWh of clean electricity.

Quantifiable outcome

• 50 MW of grid-connected solar capacity in operation across 4 Iranian provinces
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Enel Green Power: Global renewable energy developer and IPP with extensive utility-scale solar PV portfolio across multiple geographies. Comparable as a developer/operator of grid-connected solar farms under long-term offtake agreements.
• EDF Renewables: International renewable energy developer with utility-scale solar PV projects across multiple continents. Comparable as a grid-connected utility-scale solar IPP with long-term PPA economics.
• First Solar: Global thin-film PV manufacturer and large-scale solar project developer operating utility-scale PV plants worldwide. Comparable at the utility-scale solar development and operations level, though First Solar is far larger and vertically integrated into module manufacturing.
• ENGIE: Global energy utility with a significant renewable energy development arm, including utility-scale solar PV projects in emerging markets. Comparable as a diversified utility-scale renewable IPP with grid-connected solar assets.
• Iberdrola Renewables: Major global utility with substantial renewable energy generation including utility-scale solar PV farms. Comparable as a large-scale renewable developer/operator pursuing PPA-backed grid-connected solar.

Direct peers

• AMEA Power: Dubai-based renewable energy developer with utility-scale solar and wind projects across the Middle East and Africa. Comparable as a regional IPP developing grid-connected solar under long-term PPAs in emerging markets.
• Scatec: Norwegian renewable energy developer specializing in utility-scale solar PV in emerging markets under long-term PPAs. Comparable in business model: standardized utility-scale PV project development, construction, ownership, and operation.
• ACWA Power: Saudi Arabia-based utility-scale power and desalination developer including large-scale solar PV IPPs across the Middle East. Highly comparable as a regional IPP developing, financing, and operating grid-connected solar plants under long-term PPAs.
• Masdar: UAE-based clean energy developer that builds, owns, and operates utility-scale renewable energy projects including solar PV across MENA. Comparable as a regional utility-scale solar project developer and operator focused on emerging-market renewables.
• SunPower: Solar PV company with utility-scale and commercial-scale project development capabilities. Comparable in core PV technology and project development, though SunPower's emphasis and geography differ from GEP's pure utility-scale Iran focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/group-energy-phelan

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GEP Group