25 Apr 2024
Monday 7 July 2014 - 02:19
Story Code : 105287

Iran planning to spend $60 million on solar PV this year

Iran planning to spend $60 million on solar PV this year
The USs sometimes pseudo-antagonist, Iran, is apparently planning to spend $60 million on solar PV power projects this year, according to recent reports.
That represents a pretty significant uptick in the countrys investment into solar energy up from just $12 million last year.

The focus is reported to be on rural areas that are otherwise completely dependent on diesel-powered generators a good strategy, remote rural areas are certainly one place where solar PV really shines (no pun intended).

According to one of the senior officials at Irans Energy Ministry, the country recently passed a number of new laws intended to encourage and support domestic and foreign investment into renewable energy projects there. Notably, one of these is a feed-in tariff that just launched at the beginning of 2014 which will be financed via surcharges on electricity bills.

The Iranian government has also apparently been installing large numbers of solar panels on rooftops around the country everywhere from mosques, to schools, to government buildings at over a 1,000 new locations.

This report follows on the countrys previous announcement of its plan to install over 5 GW of new renewable energy capacity by the year 2018. Spread out amongst solar PV and wind energy the new capacity would represent a significant increase in the countrys total renewable energy capacity.

While a large portion of the new capacity will surely be via wind energy, 500 MW of it will be via solar energy, as that portion of funding has been set aside for solar already.

By Clean Technica

 

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