Sanap

What Sanap does

Sanap Foulad Power and Clean Energy Industries Company (صناپ) is an Iranian renewable energy developer established in 2022 by Mobarakeh Steel Company (MSC), Iran's largest steel conglomerate. The company was created as MSC's dedicated vehicle for utility-scale solar and wind generation to supply clean electricity to the steel sector under the Green Steel Chain (زنجیره سبز فولاد) initiative, addressing industrial energy insecurity, fossil fuel dependence, and grid imbalance affecting Iranian heavy industry. Operations and capital are concentrated within the MSC group, with Sangan Steel Mining Company listed as co-investor.

The portfolio comprises two flagship assets: the 600 MW Aftab Shargh Solar Power Plant in Kuhpaieh, Isfahan Province, spanning 1,200 hectares with 1 million 660W bifacial solar panels deployed across five 120 MW zones using solar tracker systems and 6.25 MW inverter blocks per block; and the 200 MW Sangan Wind Power Plant in Khvaf, Razavi Khorasan Province, spanning 2,700 hectares with 40 turbines. Supporting grid infrastructure includes Iran's first dedicated 400 kV substation for renewables, featuring four 125 MVA transformers at a 33/400 kV conversion ratio, and a dual-circuit 400 kV transmission line to the Hataf national grid substation capable of transferring approximately 480 MW. Operational monitoring is delivered through a SCADA system designed and built by Irira, an MSC group subsidiary.

Revenue is generated through long-term power purchase agreements with Iran's national electricity grid under regulated tariffs and direct B2B supply of renewable electricity to Mobarakeh Steel Complex. Pricing is non-public and governed by regulated tariffs rather than market-based contracts. Go-to-market is exclusively enterprise and government-channeled, leveraging the parent's guaranteed offtake demand. No revenue, pricing, or headcount disclosures are publicly available, and the entire execution stack, including engineering, SCADA, and balance sheet, is domestic, which is partly a function of operating under international sanctions.

Name

Sanap

Legal name

شرکت صنایع نیرو و انرژی پاک فولاد (Sanap Foulad Power and Clean Energy Industries Company)

Website

https://sanap.energy

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Sanap is an Iranian renewable energy developer, founded in 2022 by Mobarakeh Steel Company. It operates the 600 MW Aftab Shargh solar plant and 200 MW Sangan wind plant to supply clean electricity to the steel sector under the Green Steel Chain initiative.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industries

PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC), Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB)

Keywords

• Utility scale solar power
• Wind power generation
• Renewable energy development
• Grid transmission infrastructure
• Industrial clean energy

Headquarters

HQ city

Isfahan

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Sale: Sanap generates electricity through its owned and operated solar and wind power plants and sells power to the national grid and to industrial customers, primarily Mobarakeh Steel Complex. Revenue is derived from long-term power purchase agreements (PPAs) with the national grid and direct industrial offtakers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Sanap develops, owns, and operates utility-scale renewable power generation assets in Iran, specifically the 600 MW Aftab Shargh solar power plant and the 200 MW Sangan wind power plant. It generates electricity from these assets and sells it to the national grid and directly to the Mobarakeh Steel Complex under long-term power purchase agreements and the Green Steel Chain decarbonization program. Supporting grid infrastructure includes a 400 kV substation, double-circuit 400 kV transmission line, and an Irira-built SCADA control system.

Product overview

Sanap (صنایع نیرو و انرژی پاک فولاد - Steel Energy and Clean Energy Industries) is a renewable energy company established in 1401 AH (Iranian calendar, ~2022-2023 CE) with investment from Mobarakeh Steel Company of Esfahan. The company's portfolio consists of two core power generation assets: the Aftab Shargh 600 MW Solar Power Plant (the largest in Iran, 25th globally) and the Sangan 200 MW Wind Power Plant (the largest in the Middle East). Supporting these assets are critical grid infrastructure including a 400 kV substation, dual-circuit 400 kV transmission line, and SCADA-based centralized monitoring and control system. The company also operates the Green Steel Chain program, a sustainability initiative aimed at reducing the environmental footprint of Mobarakeh Steel's operations across air, water, land, and energy consumption.

Differentiator

Problem solved

Functional benefit

Products and services

• Aftab Shargh Solar Power Plant (نیروگاه خورشیدی آفتاب شرق) A 600 MW utility-scale solar photovoltaic power plant located in Koohpayeh, Isfahan Province, Iran, spanning 1,200 hectares with 1,000,000 bifacial 660W solar panels, sun-tracking tracker technology, and 5 zones of 120 MW each. It is the largest solar power plant in Iran and ranked among the 25 largest in the world, generating electricity for sale to the national grid and to Mobarakeh Steel Complex under the Green Steel Chain program.
• Sangan Wind Power Plant (نیروگاه بادی سنگان) A 200 MW utility-scale wind power plant located in Khaf County, Razavi Khorasan Province, Iran, spanning 2,700 hectares with 40 wind turbines (5 MW each). It is described as the largest wind power plant in the Middle East, generating renewable electricity for grid supply and industrial offtake by Mobarakeh Steel Complex.

Quantifiable outcome

• 1 million tons CO2 reduction per year from Aftab Shargh solar plant alone
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered supporting.

• Irira (ایریسا) — Mobarakeh Steel Group SubsidiarysupportingTechnology or IntegrationIrira, a company within the Mobarakeh Steel Group, designed and built the SCADA ( supervisory control and data acquisition) system for Sanap's Aftab Shargh solar power plant. The system enables real-time operational monitoring and remote control of the plant.
• Mapna Group (گروه مپنا)supportingStrategic or Co-development PartnerMapna Group, Iran's major power plant engineering and construction conglomerate, collaborates with Sanap on accelerating the construction of solar power infrastructure. Mapna has approximately 10 years of experience in electric vehicle and renewable energy infrastructure in Iran.

Scale indicators12 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• ACWA Power: Saudi-listed utility-scale power and renewable developer with large-scale solar, wind, and green hydrogen projects across MENA. Closest comparable to Sanap in geography, scale ambition, and PPA-driven business model serving industrial and grid offtakers.
• Masdar: UAE-based state-backed renewable energy developer with utility-scale solar and wind projects across MENA and emerging markets. Directly comparable to Sanap as a regional utility-scale renewable developer targeting industrial and grid offtake.
• CGN New Energy Holdings: Chinese renewable energy developer operating utility-scale solar and wind farms, often as the captive clean-energy arm of its parent CGN Group. Comparable to Sanap in the parent-subsidiary structure, scale of MW deployed, and diversified renewable generation mix.
• Adani Green Energy: One of India's largest utility-scale solar and wind developers with multi-GW operating capacity and corporate PPAs. Comparable to Sanap in scale ambition, single-country focus, and corporate-industrial offtake model.
• NTPC Green Energy: Indian state-owned utility's renewable vehicle developing utility-scale solar and wind across India. Comparable to Sanap as a state/strategic-parent-backed renewable developer in an emerging market, building out large-scale capacity from a single corporate parent.

Broad incumbents

• ENGIE: Global energy major with significant renewable generation capacity across solar, wind, and hydro. Comparable to Sanap as a utility-scale renewable operator, though serving a much broader portfolio of geographies and customers.
• EDF Renewables: Global utility-scale renewable developer operating wind, solar, and storage projects across multiple continents. Comparable to Sanap in utility-scale renewable development and grid integration, though at much larger and more diversified scale.
• Orsted: Global renewable energy major with leading positions in offshore wind and utility-scale onshore renewables. Comparable in being a pure-play renewable developer/operator, though with a very different technology mix and geographic exposure.
• Iberdrola: Global renewable utility leader with tens of GW of operating wind and solar capacity. Comparable as a large-scale renewable developer/operator, but with a fully diversified geographic and customer footprint.

Others

• Mapna Group: Iran's largest power plant EPC and O&M conglomerate, listed as Sanap's strategic collaborator on solar construction. Adjacent ecosystem participant: shares Iran's power-generation market and provides engineering services that complement Sanap's owner-operator model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/sanapenergy
• LinkedInlinkedin.com/company/sanap-energy
• Instagraminstagram.com/sanapenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Sanap