These days, more and more countries are increasing development and joining the list of emerging economies when it comes to renewable energy (See this website exergy-orc.com) . One of these countries is Iran. In recent years, the middle-eastern country has considerably improved its efforts of becoming focused on renewable energy.
In only one year, Iran is going to double its renewable capacity, and the number might be even greater than that. The installed renewable power capacity of Iran is thought to reach as much as 700-850 MW within the calendar year of this country. The calendar year in Iran began on March 21st. The Ministry of Energy recently announced that they are steadily moving towards this goal with no stopping in sight.
When it comes to Iran’s current renewable capacity, it is almost half of what it is projected to be in this period in the future. It was announced by the deputy energy minister Seyed Mohammad Sadeqzadeh last month that their current capacity is approximately 340 MW. About the source of this renewable capacity, the deputy minister expects that the bulk of it will come from either solar or wind-PV farms. These two combined are going to provide approximately ninety percent of the total amount. These new plants will be built all around Iran, and they are set to be between 10 and 20 MW. There are also five plants which will turn waste into power, and their total capacity will be almost 10 MW.
In total, the renewable capacity of Iran is set to reach 7.5 GW in the next 15 years. Since Western countries lifted their sanctions last year, many companies from abroad have also stepped up, and are set to play a significant role. Among others, they are coming from Germany, Hungary, China, Norway and South Korea. It is estimated that the total combined monetary value of the foreign investments is going to be approximately 3 billion dollars, which is sure to make a great difference when talking about Iran’s renewable capacity.
In conclusion, much like some other countries, it is evident that Iran has emerged strongly as a competitive renewable energy source, which will help the country to lead to way.