“The Ministry of Energy is determined to bring the output capacity of renewable energy to 4,000 MW by the end of the 12th administration,” Iranian Deputy Energy Minister Homayoun Haeri said on Monday.
He noted that the target would mean nearly a five-fold increase from Iran’s current output from renewables, which is 841 MW, or 7.3 terawatt hours (TWh) in energy consumption terms.
Haeri said Iran managed to use 500 MW of electricity generated from renewable sources over the peak months of summer when energy consumptions substantially increases across the country, especially in the arid regions in south and east.
The Iranian deputy energy minister said that the amount of solar energy hitting Iran is estimated to hit 1.3 petawatts (PW), equal to some 150,000 MW of generation capacity and nearly double the current capacity of output from all sources.
He said Iran has already introduced overpricing for reneawbles to encourage home and industry producers to feed more power to the grid.
In a relevant development, the Iranian government announced earlier that Iran would finalize a major contract for production of solar panels with a foreign company during an energy conference in Tehran.