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Private Renewable Energy Companies Can Export Power

As per new regulations announced by Satba, affiliated to the Energy Ministry, financiers of wind energy projects can now sell power to foreign buyers independently and the ministry will only act as a facilitator
Private Renewable Energy Companies Can Export Power  Private Renewable Energy Companies Can Export Power

In line with plans to attract investments for green energy projects, the private sector has been authorized to export electricity generated via renewables, head of Renewable Energy and Energy Efficiency Organization said Tuesday.

“As per new regulations announced by Satba, affiliated to the Energy Ministry, financiers of wind energy projects can sell power to foreign buyers independently and the ministry will only act as a facilitator,” Mohammad Sadeqzadeh was quoted as saying by ISNA.

Elaborating further he said private investors will produce electricity and deliver it to the national grid because power cannot be saved. Moreover, private companies do not have access to transmission lines nor is it economically feasible to construct their own.

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