Renewable Energy
See also: Iranian targeted subsidy planIn 2010, the Iranian government announced plans to build 2,000MW of renewable energy capacity between 2010-2015. As oat 2010, Iran had 8,500MW of hydroelectric capacity and 130MW of wind energy capacity. As at 2010, private companies had signed contracts to build more than 600MW of biomass systems and 500MW of new wind energy projects.
Iran is also working to make renewable energy commercially viable and the Ministry of Energy is required to buy privately produced renewable energy at world market prices. A feed-in-tariff (FiT) for wind and biomass energy around 13 cents/kWh is helpful.
In 2012, Iran allocated €500 million from the National Development Fund for renewable energy projects. Also supporting the solar industry is the state-sponsored Renewable Energy Organization of Iran (SUNA), which is attached to the Energy Ministry and enjoys a budget of around $60 million.
Read more about this topic: Energy In Iran
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