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UK Investor Pulls Plug on 500 Million Euro Iran Solar Plant
(Reuters) Lefteris Karagiannopoulos - British renewable energy investor Quercus said Tuesday it will halt the construction of a 500 million euro solar power plant in Iran due to recently imposed U.S. sanctions on Tehran. A string of European companies have recently announced they would scale back their business in Iran. On Tuesday, German engineering group Bilfinger said it did not plan to sign any new business in the country, while automotive supplier Duerr on Aug. 11 said it had halted activities in Iran.