Iran's private sector to export renewable energy

Oil&Gas Materials 1 March 2019 11:51 (UTC +04:00)

Tehran,Iran, March 1


Iran private sector eyes to export renewable electricity to neighbor countries, at the same time expecting to attract investment into the renewable energy sector.

""Iran has high capacity to produce renewable energy, the country has the potential to produce 60,000 megawatt of electricity from solar and wind energy," member of energy and environment committee at Tehran Chamber of Commerce Hamid Reza Salehi told Trend.

He went on to say that the mentioned volume can attract some $60 billion worth of investment, but investments require economic security, which would allow investors to be sure of investments return.

At the same time, he said that Renewable Energy and Energy Efficiency Organization (SATBA) has submitted a plan to the government, to have an approval for exporting Iran's renewable electricity.

"This would reduce the concern of investors," Salehi said.

Referring to recent efforts of Iran to export renewable electricity he said that Iran Renewable Energy Association seeks to aggregate the power production from companies and facilitate the exports.

"The majority of Iran's electricity export heads to Iraq, Afghanistan and Pakistan, however Iran's power network is also connected to other countries but it is the energy hub in the region for power exports to western Iraq, Azerbaijan, East Afghanistan and Pakistan," he said.

"Iran's renewable energy currently isn't being exported, and the generated power is transferred to the country's electricity network," Salehi noted. "However, the export license for renewable electricity by private energy sector companies has been issued."