renewable energy Iran

Otovo Secures $16.6 Million Private Placement to Fund EnergyAid Acquisition

by
Otovo logo with solar panels and financial growth chart representing private placement and acquisition funding

“Otovo, the AI-native home energy service provider, has successfully closed a private placement raising approximately $16.6 million through the issuance of around 14 million new shares. The funds will primarily finance the company’s acquisition of EnergyAid Inc., a prominent residential solar service and repair provider operating in California, Arizona, and Nevada. This move bolsters Otovo’s … Read more

Iran Construction Industry Report 2025: Output to Register an AAGR of 3.9% Between 2026-2029 After Growth of 2% in 2025, Supported by Investments in Energy, Infrastructure, and Oil and Gas Sectors

by
Aerial view of large-scale construction site in Iran featuring oil and gas infrastructure, energy facilities, and ongoing infrastructure projects under development in 2025.

Iran’s construction sector is poised for steady expansion, with real-term growth of 2% anticipated in 2025, followed by an annual average growth rate (AAGR) of 3.9% from 2026 to 2029. This trajectory is primarily fueled by substantial investments in energy projects, infrastructure development, and the oil and gas industry, alongside contributions from industrial, transport, and … Read more