Pragmatism fuels Iran's renewables ambitions
Gas and water shortfalls are propelling Tehran to intensify a quest for investment in non-hydro renewable power
Iran’s Renewable Energy and Electricity Efficiency Organisation in April invited investors to bid to develop 4GW of solar PV capacity, claiming to have received interest in over 20 times that capacity during a tender late last year. The latest tender calls for local and foreign firms to propose PV projects of 10MW and over. Proposals must include the intended financing method—a key point for any prospective overseas bidders given US-led restrictions on Iran’s access to the international financial system. Commissioning would be required within two years of an award, according to state media, aligning with the target set by the administration when it took office in August to have 5GW of non-hy
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