Asian firms ready to invest in Iran's renewable energy sector – official
Tehran, Iran, Oct. 10
Seyed Moslem Mousavi, the managing director of Iran Renewable Energy Association, said Asian firms have voiced readiness to invest in the country’s renewable energy sector.
“European firms’ withdrawal from Iranian energy projects have pave the way for Asian companies to take their place in renewables,” Mousavi told IRIB news agency on October 10.
Small and medium-sized enterprises (SMEs) from South Korea, India, Pakistan, the UAE, China and Turkey are ready to invest in Iran’s renewable energy sector, he added.
Iran’s power generation capacity is currently 77,000 megawatts (MW), of which renewables account for just 420 MW.
Mousavi said recent fluctuations in the foreign exchange market are among the major problems.
“A stable foreign exchange market could help the firms remain in Iran,” he said.
All these opportunities to attract foreign investment, not only can help Iran, which is struggling with air pollution in its major cities especially the capital Tehran, reach sustainable clean energy, but can also save the fuels consumed domestically to boost the country’s fuel exports in one way and with a long-term view to conserve fossil fuels for the future generation.