Abstract Iron formations (IFs) are marine chemical sediments that are conined to the Precambrian rock record and provide unique insights into the co-evolution of the atmosphere-hydrosphere and biosphere through almost three billion years of Earth’s history. IFs commonly appear throughout the Archaean until the Palaeoproterozoic ca. 1.8 billion years ago and re-appear during the “Snowball Earth” epoch in the Neoproterozoic. The formation and deposition mechanism(s) of IFs are, however, still incompletely understood, hindering unique interpretations of palaeoenvironments. Many IFs are banded iron formations (BIFs) with layer thickness of alternating Fe- and Si-rich layers ranging over several orders of magnitude from the nanometre to the metre scale. A second textural type, so called granular iron formations (GIFs) that form above storm wave base become widespread in the Palaeoproterozoic. Understanding the fundamental mechanisms that are responsible for the textural types and the periodicity of banding in BIFs is crucial to link these features to the environmental and geochemical evolution of the Earth. We here provide a conceptual model that highlights the role of changing light conditions and water transparency for Iron Formation (IF) precipitation. We show that the model is particularly feasible for IFs deposited in shallow waters but may also be applicable for some IFs deposited in deeper water settings. The model builds on other primary Banded Iron Formation (BIF) precipitation models postulating that Fe(III)-(oxyhydr)oxide production can be dominated by anoxygenic photoautotrophic Fe2+-oxidising bacteria. These so called photoferrotrophs are adapted to very low light levels corresponding to about 1% of the light level required by oxygen-producing phototrophs allowing them to thrive deep down in the water column. The depth of Fe(III)-(oxyhydr)oxide production is mainly controlled by water turbidity which controls how deep photosynthetically available radiation (PAR) penetrates the water column. Eutrophic conditions result in relatively shallow Fe(III)-(oxyhydr)oxide production depth due to turbidity either induced by the biomass itself and/or by particles that are actively or passively produced by microorganisms (e.g., Fe(III) and Mn(IV)-(oxyhydr)oxides, sulphides), triggering the formation of Fe-rich bands. During oligotrophic stages, Fe(III)-(oxyhydr)oxides are only produced relatively deep down in the water column, so that only silica-rich bands form in the Fe(III)-(oxyhydr)oxide free upper water column. Reactive transport modelling adopted from Ozaki et al., (2019) shows that besides upwelling and nutrient supply, alternating Fe(III) production depth is mainly associated with changing light conditions as a result of water transparency. Periodicities reflected by alternating Fe- and Si-rich bands in IFs in our model can thus be associated with: (1) nutrient supply patterns; (2) additional sources of turbidity in the water column such as Fe(III) and Mn(IV) oxide particles, sulphides, and wind-blown silicate particles; or (3) formation and clearing of organic haze in the atmosphere. One or all of these reasons for low light conditions seem to become more important in the Palaeoproterozoic (<2.4 Ga) and could be partly responsible for the more widespread occurrences of shallow marine granular IFs relative to former epochs, which is often assigned to the gradual oxidation of the ocean. Our model shows that variable water transparency should be considered as additional factor for IF deposition especially for shallow marine settings. This model also reasonably explains the prominent layering in BIFs as syn-depositional feature.