MoU For 10 GW Renewable Energy In Iran

Iran’s 10 GW Renewables Tender Oversubscribed By 80 GW: SATBA

MoU For 10 GW Renewable Energy In Iran

Iran has allocated over IRR 30 trillion to encourage renewables in the country’s draft budget plan for next calendar year. It has entered MoUs with private companies for 10 GW renewables capacity. (Illustrative Photo; Photo Credit: Diyana Dimitrova/Shutterstock.com)

  • Iran has signed MoUs with private sector companies for the development of 10 GW renewable energy capacity
  • SATBA said its renewable tender for 10 GW was oversubscribed by 80 GW capacity
  • Government plans to release contract models for the 10 GW capacity after legal permits are obtained

The Renewable Energy and Energy Efficiency Organization (SATBA) in Iran along with the federal Ministry of Energy has entered a memorandum of understanding (MoU) for the development of 10 GW of renewable power plants in the country with unidentified private sector companies.

Contract models for the construction of the 10 GW capacity will be determined and announced at a later stage after legal permits are obtained.

According to SATBA, it received interest for 90 GW of renewables capacity in the form of 153 applications from the private sector in response to a call for proposals for 10 GW, meaning the call was oversubscribed by 80 GW.

With a view to encourage proliferation of renewables in Iran, the government has allocated more than IRR 30 trillion ($101 million) for renewables in the draft budget for next calendar year which begins in Iran on March 21, 2022, reported Modern Diplomacy citing an Islamic Republic of Iran Broadcasting (IRIB) report.

Local media had earlier quoted SATBA Head Mahmoud Kamani as having said that the country plans to establish 10 GW of new renewable energy plants within the next 4 years, all of which will mostly be built by the private sector. He had counted the country’s installed renewable energy capacity as 905 MW back then.

At the end of April 2020, Iran had a cumulative installed solar power capacity of 362 MW, out of 823 MW of renewable energy and energy efficiency capacity, according to SATBA (see Iran: 362 MW Cumulative PV Capacity Till April 2020).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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