Iran Aims to Boost RE Capacity to 50 GW in Five Years
Iran’s energy minister, Abbas Aliabadi, announced plans to increase renewable energy capacity to 50 GW within five years. The government will offer loans and incentives to households and private investors to accelerate the renewable sector's growth, amid reliance on fossil fuels.
October 15, 2024. By EI News Network
Aliabadi emphasised that the government will provide loans and incentives to households and private sector investors who participate in expanding the renewable energy sector.The ambitious plan is part of Iran's broader push toward renewable energy, building on a previous initiative launched three years ago that aimed to increase renewables capacity to 10 GW. Despite the minister not offering specific details on the new 50 GW target, the announcement signals a significant shift in Iran’s energy strategy.
Aliabadi, who became energy minister in August, has a background in the industry ministry and led Iran's Mapna group for 14 years. During his tenure, the company played a key role in modernizing thermal power plants and developing wind farms in Iran.
Currently, Iran’s electricity generation capacity is around 93-98 GW, with thermal power plants producing over 75 GW of the output. Actual electricity production, however, is below 60 GW, and peak demand during the summer of 2023 nearly reached 70 GW. Aliabadi has committed to addressing the gap between supply and demand.
In addition to his renewable energy plans, the minister downplayed concerns about Iran's automotive electrification efforts. He stated that adding 100,000 electric taxis to the fleet would only marginally increase electricity demand by 0.2 GW.
please contact: contact@energetica-india.net.
Melton Chang
Executive Vice President, Power Systems Business
Schneider Electric's Blueprint for a Smarter, Greener Power Grid
Meenu Singhal
Regional Managing Director
Make in India & Beyond: Socomec’s Strategy for Sustainable Power Management
Mukesh Sharma
Country Manager - Atlas Copco Specialty Rental Division
From Refineries to Manufacturing: Atlas Copco’s Rental Solutions Power Critical Industries
Jameson Mendonca
Power Generation Business Leader
Cummins Leads India's Genset Industry Towards a Greener Future with CPCB IV+ Compliance
Balaji G
SVP, Head of Energy Industries
ABB Driving India’s Energy Future: Balaji G on Growth, Transition, and Emerging Technologies