Renewables and Efficiency

The projection takes into account the geothermal development in the Philippines that has reached its existing reserves.

Approximately $165 million will be invested by the Enel Group in the construction of the wind farm. which is expected to enter into operation in the first half of 2018.

China and Denmark also decided to co-build a test and demonstration center for offshore wind power in China.

Statoil has a 75% stake in the project. with the remaining 25% owned by Masdar.

Government data show the share of renewables in Iran’s energy basket is 240 megawatts at present. which is less than 1% of total installed power generation capacity of 77.000 MW.

Iran has huge potential to harness renewable energies. including geothermal. solar and wind power.

The International Renewable Energy . Lighting &. Energy Saving Exhibition

Foreign investors have submitted investment proposals worth a total of $3.6 billion to develop renewable projects in Iran.

A recent report shows that the volume of foreign investment in Iran has increased by over 64 percent.

Oil- and gas-rich Iran has also pledged to slow climate change by promoting cleaner energies.