Iran invites firms to develop 4GW solar projects

Iran’s Renewable Energy and Energy Efficiency Organization, also known as Satba, has invited proposals from companies to develop solar power plants across the nation with a combined total capacity of 4 gigawatts, according to a Meed report.

The invitation was made on May 1, and each bidder is expected to propose developing at least one 14 megawatts solar power plant.

As a part of the nation’s program to boost its renewable energy capacity, Iran has set a target of elevating the share of renewables for electricity production to at least 4 percent to up to 12 percent by 2030.

The country currently has a total renewable capacity of 920MW as of 2021, equating to 1.07 percent of its total nominal generation installed capacity of 86,000MW.