Iran raises renewable power purchase prices by up to 60%
Iran has increased its prices for purchasing renewable power from small electricity generators by up to 60% as part of efforts to encourage the development of renewable energy supplies.
Iran’s Energy Ministry announced the new prices on Thursday that covered small-scale solar and wind generators, the semi-official Tasnim news agency reported.
The announcement showed electricity supplied to the Iranian power grid by solar generators that produce less than 20 kilowatts of electricity will increase by 20% to 17,500 rials ($0.05) per kilowatt hour (KWh).
Payments to solar electricity suppliers with 20 kilowatts to 200 kilowatts of capacity will increase by 30% to 16,500 rials ($0.047) per KWh, showed the announcement.
The Energy Ministry said renewables purchasing prices for wind generators with a capacity of less than 250 kilowatts will increase by 60% to 16,600 rials ($0.047) per KWh while small-scale wind generators with production capacities of 250 KWh to 1 megawatts will see their payments rise by 20% to 12,400 rials ($0.035) per KWh.
The new prices come amid efforts by the Iranian government to encourage renewable energy production in a country where a bulk of electricity supplies come from thermal power plants that heavily rely on fossil fuels.
Iran’s Energy Ministry announced in September last year that it had set a target for creating up to 10 gigawatts of new renewable capacity in the country until 2025.
Iran’s oil exports to China won’t drop because of Trump: Expert
Iran launches renovation project at its main oil export terminal
Iran says it hit record daily gas production in South Pars
US House passes bill targeting charities and pro-Palestine groups
VIDEO | Supporting Gaza genocide
Hezbollah attacks Israeli forces after Lebanese homes blown up
World leaders, states hail ICC arrest warrants for Netanyahu, Gallant
MP: US accountable for possible Israeli 'foolishness' to attack Iraq
VIDEO | Israeli policies strangle Palestinian agriculture, economy
Iran's president offers condolences to Pakistan over terrorist attack
Canada’s Yukon town council at standstill over refusing oath to King Charles
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
