![]() ![]() Deputy Energy Minister Mahmoud Kamani told state news agency IRNA on October 7 that solar farms with a combined annual electricity output of 4,500 MW would join the national grid by the summer of 2024.Īccording to Iran’s renewable energy and energy efficiency organisation, known as SATBA, one region, Ardabil, has tremendous potential for solar energy generation. ![]() Iran has drawn up a comprehensive plan to produce 20,000 megawatts (MW) of renewable electricity by 2027 and 50,000 MW by 2031. However, with the price point now at a more competitive level internationally, many are predicting a green revolution. The biggest hurdle up to now has been that the cost of renewable energy production often exceeded that of the country’s massively subsidised oil and gas sectors. ![]() To produce additional electricity, the country is pinning its hopes on renewables, especially solar power, given Iran’s ample solar hours throughout the four seasons. Iran plans to boost daily gas output by 55% to over 1.2bn cubic metres in five years. The SZOGPC announced earlier in October that it would extract 7mn more cubic metres of natural gas per day by the winter. In August, the SPGC, Iran’s number one gas producer, added up to 15mn cubic metres (mcm) of gas to its daily production of 760 mcm after bringing on stream the only underdeveloped phase of the SP’s 24 phases. Iran’s two energy behemoths, South Pars Gas (SPGC) and the South Zagros Oil and Gas Production (SZOGPC), which account for 95% of the country’s gas output, have ramped up output and extraction ahead of the coming winter. Despite ongoing disputes over the boundary of the reserves with Kuwait and Saudi Arabia, the two biggest portions of South Pars belong to Iran and Qatar, which are on good terms. The Islamic Republic is also trying to maximise extraction from its gas fields in the south, especially from the colossal South Pars (SP), the world’s largest gas field, which is shared with Qatar. ![]() Back in 2021, the Chinese authorities said they would target renewables to outpace fossil fuel-installed capacity by 2025.Ĭhina is consolidating its leading position in renewable energy and is set to account for nearly 55% of global additions of renewable power capacity in both 20, the International Energy Agency (IEA) said earlier this year.Successive governments have taken various measures and initiatives to deal with the pressing issue.įor the gas shortage, agreements between Turkmenistan and Azerbaijan have been in operation over the winter and summer months, in which Iran’s northern Khorasan Razavi region and Mazandaran by the Caspian Sea receive gas from Iran’s northern neighbours, while its western region feeds gas to Azerbaijan in exchange. The country has already reached its goal to have more non-fossil fuel installed electricity capacity than fossil fuels earlier than planned, with 50.9% of its power capacity now coming from non-fossil fuel sources. The 11-GW project, if approved and built, will be among the world’s largest renewable energy generating sites, behind the planned 20-GW Jiuquan wind base, which will also be located in Gansu.Ĭhina is the global leader in renewable energy spending and capacity additions of clean energy projects. The capital of the joint venture will be $417 million (3 billion Chinese yuan), of which China Longyuan will contribute 51%, or $213 million (1.53 billion yuan), and CHN Energy – the remainder. ![]()
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