Iran's Private Firms Invest $2.3b in Renewables
Saturday, July 07, 2018

Iran's Private Firms Invest $2.3b in Renewables

Private companies invested 100 trillion rials ($2.38 billion) in the renewable power industry over the past two years, said the head of Renewable Energy and Energy Efficiency Organization, also known as Satba. “The Energy Ministry changed its approach to renewables in 2016 due largely to financial constraints and private investors came on the scene,” Mohammad Sadeqzadeh told ISNA.
Sadeqzadeh, who also is a deputy energy minister, added that 3,000 people work at 500 Iranian companies active in the renewable sector. Renewable power plants not only environment-friendly but also create much-needed jobs, he noted.


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