$100 Million Earmarked in Budget Bill for Expansion of Renewables

Over $100 million have been earmarked in the budget bill approved for the next Iranian year (March 2022-23) for the expansion of renewable energy in Iran, the energy minister said.
“This is an unprecedented figure, as the credit is exclusively dedicated to this sector,” Ali Akbar Mehrabian said, adding that the fund will enable the government to attract more private investments into the sector.
“The development of renewables is not only a choice, but also a necessity since renewable energy will help address the problems of generating electricity by thermal power plants,” he was quoted as saying by the Energy Ministry’s news portal Paven.