2 minute read
Iran
The renewable capacity in the country is coming mainly from Hydro Power, but Iranian lawmakers have prioritized the reduction of CO2 emissions and the development of renewable energy resources as key goals within the framework of the fifth five-year development plan - with a target of 5,000 MW of installed capacity from renewable power plants in the short term. In the long term, the government hopes to increase the nominal capacity of all power plants from 85 GW to over 120 GW by the end of 2025, in which a portion is determined to be derived from renewable resources. To give a boost to the rooftop solar PV installations in the country, Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill, approved $500 million funding for expanding solar rooftop systems in the financial year 2019-20. Also, the Iran government wants to transfer 80% of state-owned power plants to private players by 2022 to support the targets envisioned by the 20-Year Strategy for economic development. The management of electricity in the country is very important as during peak hour demand, the national grid struggles to meet the energy demand. As the construction of new thermal plants is a costly and time-consuming process, so energy ministry is finding alternate options to encourage consumers to consume less electricity and to use more efficiently. So, the Ministry is looking for solar rooftop plans to encourage the household and commercial consumers to install solar rooftops at their premises. The installed solar capacity in the country has reached over 400 MW by 2020, while in 2021 in the first five months, cumulative capacity breaches 433 MW. There is a growth of over 135% since 2017 when the solar installations started in the country.
EQ iSearch
Advertisement
Yearly solar installations picked up from 2017, there was a year over year growth of over 300% since then the installations in the country have shown an exponential growth till Covid-19 outbreak. There are lots many programs in the solar rooftop is being launched by a government body to encourage the growth of distributed solar in the country, such as in 2019-20 the Majlis Joint Commission approved the $500 million funding for the growth of solar rooftop in the country.