Iran Approves $3 Billion Worth Of Foreign Renewable Energy Investments

Iran’s Energy Minister Hamid Chitchian said earlier this week that the Finance Ministry had approved foreign investments in the country’s renewable energy industry worth $3 billion.

“Iran intends to launch a large-scale project to construct renewable energy power plants over the sixth Five-Year Development Plan to generate five thousand megawatts [5 GW] of energy in the country,” explained Hamid Chitchian.

Speaking at the inauguration of a second 7 megawatt (MW) solar plant at the Shahid Mofatteh Power Plant in Hamedan on Saturday, Minister Chitchian added that so far foreign developers had applied to develop up to 1.5 gigawatts (GW) worth of of renewable energy in the country.

Minister Chitchian also announced three more 7 MW of solar at Hamedan. “But today, two 7-megawatt power plants have been launched in Hamedan and the construction of three more have been started,” Chitchian said. Iran has set itself a target of increasing its renewable energy capacity to 7.5 GW by 2030. Some reports appear to be suggesting that the new announcement of $3 billion in investments is worth 5 GW, however the reports from the Islamic Republic News Agency only says the investments are worth 1.5 GW.

Source: https://cleantechnica.com

7 thoughts on “Iran Approves $3 Billion Worth Of Foreign Renewable Energy Investments”

  1. Terrific work! This is the kind of information that are meant to be shared across the internet.

    Shame on the seek engines for not positioning this submit higher!
    Come on over and seek advice from my website . Thank you =)

  2. Howdy! I’m at work browsing your blog from my new
    apple iphone! Just wanted to say I love reading your blog and
    look forward to all your posts! Carry on the fantastic work!

  3. That’s a big deal!! The government of Germany was sorting out a meeting with SATBA officials in Iran to discuss potential opportunities in both countries in renewables. That’s good news

Leave a Reply

Your email address will not be published. Required fields are marked *