Renewables Purchase Price Up 40%

The guaranteed purchase price paid by the government for renewable power generated by private companies has, on average, increased by 40%.
A new directive to raise tariffs (for e private sector producers) was announced by Energy Minister Reza Ardakanian on May 20 to encourage investment, Barq news website cited the press release issued by state-run Renewable Energy and Energy Efficiency Organization (Satba).
The minister noted that the new prices for generating electricity from biomass (compared to 2019) have risen by 50% per kilowatt, reaching 3.6 cents/kilowatt hour.