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Iran to launch 3 new wind farms to boost renewable energy output

Source: Tehran Times

Iran will established three new wind farms, each with a power generation capacity of 350 megawatts (MW), the managing director of Iran Power Generation Transmission and Distribution Management Company (TAVANIR) said on Wednesday.

Wind Farm in Manjeel, Gilan province of Iran

Homayoun Haeri added that the company will ink deals in the near future with the private sector to design, establish, and operate the new wind farms.

Currently, the country's total wind farm power generation capacity stands at 120MW, he said.

Despite sanctions, as well as political and economic hiccups, Iran remains a sizable economy with its own energy dynamics.

Not just because of its vast hydrocarbon resource base, but also because of its desire to be the region's top technological and economic powerhouse, Iran is compelled to attend to the question of how to provide for the energy needed to fuel economic and industrial growth, according to sources.

Renewable energy use in Iran is still below 1% of the country's entire energy demand. According to the fifth Five-Year Plan, the use of renewable energy should increase to 1.5% of the country's energy mix by March 2016. Power obtained from renewable energy sources is purchased through a 20-year Power Purchase Agreement signed with the government.

However, external sanctions have slowed down foreign investment and the development of renewable energy.

Iran has constructed power plants twice as many as the average number of power plants which have been constructed in the world during the past decade.

The country's power generation capacity is currently at 68.38 GW, he added.

Iran currently trades power with Turkey, Armenia, Turkmenistan, Azerbaijan (including Nakhchivan Autonomous Republic), Pakistan, Afghanistan, Syria, and Iraq.

Iran seeks to become a major regional exporter of electricity and has attracted more than $1.1 billion in investments for the construction of three new power plants.

... Payvand News - 10/10/13 ... --

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