Iran private sector to boost renewable power generation
Renewable power stations with a total capacity of 900 megawatts will come on stream by 2025, Ghadir Energy Investment Company, a member of the Power Generation Companies Syndicate, said.
Renewable power stations with a total capacity of 900 megawatts will come on stream by 2025, Ghadir Energy Investment Company, a member of the Power Generation Companies Syndicate, said.
“The privately-owned company will construct 800 MW of solar farms and 100 MW of wind farms during the three-year period,” Farideddin Masoumi was also quoted as saying by ISNA.
“Ghadir Company has already built four 10 MW solar power plants in Isfahan, Yazd and Qom provinces. By the end of the current Iranian year [March 2023], more solar stations with a total capacity of 60 MW will become operational,” he added.
Elaborating on the projects, the official said 20 MW of solar farms will be built in Isfahan, 20 MW will be added to the solar generation capacity of Yazd and also 20 MW of photovoltaic power stations will come on stream in Fars Province.
The launch of these power plants will help save 33 million cubic meters of natural gas. If the same amount of power were to be produced by thermal power plants, they would need to burn the fossil fuel, he added.
Referring to the potentials in Iran for the development of renewable energy, Masoumi said the average solar radiation in Iran is estimated to be about 2,000 kilowatt hours per square meter during 300 sunny days a year, which is higher than the global average.
“The figure reached 5,000 kilowatt hours per square meter in Isfahan and Yazd so they are better locations for the construction of new solar power plants,” he added.
To help expand renewable energy in Iran, over $100 million have been earmarked in the budget bill for the current year.
The development of renewables will help address the problems of generating electricity by thermal power plants.
While thermal power stations need fossil fuel as feedstock and water for cooling purposes and also pollute the environment, renewables are eco-friendly and require neither fuel nor water, nor do they emit greenhouse gas.
Source: ICCIMA
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Russia takes aim at US nuclear power by throttling uranium
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project