The Iranian Energy Ministry plans to roll out some 10 gigawatts (GW) of new capacity for electricity generation from renewable sources.
The ministry’s department on renewables SATBA said on Monday that the new capacity will be added to Iran’s total power output within the next four years.
SATBA’s chief Mahmoud Kamani said the projects will cover various energy sources, including solar and wind power, adding that Iran’s private sector will carry out a bulk of the projects and the government will guarantee purchasing the electricity generated for up to seven years.
Latest figures provided by the Iranian government shows that renewables currently account for just over one percent of the country’s total electricity generation capacity.
Solar power accounts for 0.39 GW of the current output while wind farms generate around 0.31 GW. There are also a series of small-scale hydropower and biomess plants in Iran.
Iran expects up to 0.5 GW of new renewables capacity will come on line until summer of 2022, said Kamani.
He added that reaching the 10 GW target of new renewables capacity will be well within Iran’s reach, adding that SATBA has identified around 100 GW of potential capacity for solar electricity generation and around 40 GW of wind energy potential in Iran.
The official said private investors had submitted bids for launching 32 GW of renewables in the country, adding that he expects the figure to reach around 50 GW given the favorable conditions offered by the Energy Ministry for launching those projects by private sector.
Iranian energy minister Ali Akbar Mehrabian said last month that renewables will be responsible for a third of the new capacity that is expected to be added to Iran’s electricity generation potential within the next four years.