Iran’s renewable energy capacity has now reached 1,088.18 megawatts, according to the country’s Energy Ministry. This capacity comprises 364.89 MW from wind power plants, 465.65 MW from solar power plants, 99.47 MW from small hydroelectric power plants, and 12.5 MW from biomass plants.
Additionally, turbo expanders contribute 9.6 MW, and branching accounts for 136.07 MW of Iran’s total renewable capacity. These renewable sources make up approximately 7% of the country’s total energy generation, while natural gas remains the dominant source with a 90% share.
Recently, Iran’s National Development Fund (NDF) and the Renewable Energy and Energy Efficiency Organization (SATBA) signed a memorandum of understanding (MOU) worth $5 billion for financing renewable power plant projects belonging to non-governmental public institutions. The MOU paves the way for the National Development Fund to finance the construction of renewable power plants, with the potential to exceed $5 billion in the future.
The development of renewable power plants in Iran has gained momentum since the current government administration took office in August 2021, with an emphasis on attracting investment and adopting new strategies. The country aims to add 10,000 MW to its renewable power capacity by August 2025 and plans to construct 110,000 solar power plants with a capacity of five kilowatts each for low-income groups. Furthermore, Iran is set to hold tenders for the construction of 2,200 MW of solar power plants.
Iran is actively working to expand its renewable energy infrastructure and reduce its reliance on fossil fuels, with renewable energy playing a crucial role in its future energy landscape.
