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Iran to review possible exports of renewable energy

Oil&Gas Materials 9 November 2019 10:13
Iran to review possible exports of renewable energy

TEHRAN, Iran, Nov.9

Trend:

Iran is reviewing the possible exports of power produced by renewable energy sources with support from private sector, said Head of Renewable Energy and Energy Efficiency Organization (SATBA).

"The costs of electricity generation from renewable energy sources is 2 cents kilowatt per hour in Iran, while it would cost 7 to 8 cents in neighbor countries," said Mohammad Sadeghzadeh, Trend reports citing Fars News Agency.

"The difference in rates is an attractive option for exporters. Thus, permits have been issued for power exports; however, we think that the private sector does not have full confidence in the plan yet," he indicated.

"In this regard, SATBA and private sector have formed a working group to review the obstacles. The 30 percent increase on basic purchase guarantee rate of electricity produced by renewable energy plants caused a positive feedback from the private sector," Sadeghzadeh said.

"Recently, the private sector has taken steps to forge contracts in this field and obtaining permits for establishment of renewable energy plants," he added.

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