Iran’s Renewable Power Generating Capacity Hits 700 MW

Iran’s Renewable Power Generating Capacity Hits 700 MW

The capacity of generating electricity from renewable resources has reached 700 megawatts (MW) in Iran.
It has been planned to add between 300MW to 500MW of renewable capacity to the current figure every year exploiting electricity taxes. Most of the necessary equipment for such power plants are produced inside the country. Currently, over 50 large-scale solar power plants are operating across the country.
Since, renewables have created jobs for 43,680 persons in the country and private sector has made about $2.4 billion of investment in this sector.
Renewables, including hydropower, account for just six percent of energy generation, versus natural gas’ 90 percent share.
Overall, in the next five years, Iran is aiming for a 5,000 MW increase in renewable capacity to meet growing domestic demand and expand its presence in the regional electricity market.