The charming way of Iran is mainly focusing on the transportation and energy infrastructure sectors. Especially in renewable energy, Iran decided to make huge steps and develop new opportunities, projects and getting prepared for new investments on this field. There is a great movement in renewable energy sector. The activities taken into action to improve this sector increased the possibilities to collaborate with several countries, and Turkey can be one of these countries.
Iran Renewable Energy Organization Manager declared in recent days that the renewable energy plant already installed is over 340 MW in the country. From these plants 5% of the electricity need is met. After the regulation changes for foreign companies, more contribution was made to the sector. Investors from Denmark, Germany, Turkey, Hungary, South Korea and China are coming to Iran to invest in the energy sector. The country needs around 3 billion $ foreign investment for renewable energy plants, only a small part of it is acomplished.
Iran can transfer totally to renewable electricity system, with a huge saving in money can be done financially. To transfer whole current system, 49 GW solar photovoltaic, 77 GW wind energy and 21 GW hydro- electric energy is needed.
Most part of the hydro-power can be supplied from the country itself but for solar and wind plants new investments are required. Wind power plants can be installed in many parts of the country, and solar power plants can be installed at an attractive cost all over Iran. Both two technologies can be added to the current energy infrastructures of natural gas and hydro-power systems. Iran also provides 20 years of guarantee of purchase for the generated electricity and additional supports depending on the location rate, in order to speed up investments.
The wind energy potential of Iran is:
► Average wind speed is around 8.5 m / sec
► There are big wind corridors in the east of the country
► Production target in wind energy until 2020 is 4.5 GW
► 20-year purchase guarantee
This conditions are attracting foreign investors.
Iran is one of the most promissing countries in the region and the investments to be made here can meet the energy needs of other countries in the region.
Conexio is a consulting firm in Turkey based in Istanbul that can provide you services and support you in your activities in the region.