February 23, 2018 18:08

Renewable Ventures Still Awaiting Funds

Iran has committed itself to raising the share of renewables in its power mix from the current 450 MW to 5,000 MW by 2022

Not being paid for a long time may cause investors to lose their enthusiasm in potentially lucrative renewable plans.

A serious hurdle impeding renewable projects is non-allocation of the tax levied on electricity subscribers to wind and photovoltaic initiatives.
Mohammad Sadeqzadeh, the head of Renewable Energy and Energy Efficiency Organization—a state-owned entity also known as Satba—made the statement on Friday in Iran's 10th International Renewable Energy, Lighting and Energy Saving Exhibition that opened in Tehran on Feb. 21, IRNA reported.
"Although power subscribers, standing close to 34 million, have routinely been charged with renewable energy taxes, the budget is not spent on such schemes," he added.

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