Iran’s potential for renewable energy is vast, possessing some of the best combined wind and solar resources in the region and the technical and engineering capabilities to realise it. The country’s reintroduction to the international community following the relieving of sanctions makes this a particularly exciting time for Iran’s renewable energy space.
With domestic power demand sapping the valuable export realisation of hydrocarbons, fuel subsidies decreasing and a need for greater energy security, the Iranian government and policy makers are showing a significant interest in the renewables space. To highlight their commitment they have set an ambitious target of 5GW of installed capacity from renewables by 2020 and SUNA, the country’s renewable energy organisation, have established an attractive feed-in tariff which guarantees power purchase payments for 20 years.
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