How will Iran benefit from a more diverse energy mix?

Iran will experience two major benefits by transitioning to a more diverse energy mix. First, a reduced domestic demand for fossil fuels will yield increased competitiveness in global energy markets. Put differently, reduced domestic demand will allow Iran to export more of its immense reserves of oil and natural gas to client states abroad.

What percentage of Iran's electricity needs will be generated by renewables?

The Iranian Power Generation, Transmission, Distribution and Management Company (Tavanir) now estimates that renewables will generate around 10 percent of Iran’s electricity production requirements within five years.

Does Iran still have a nuclear power plant?

Iran has maintained a nuclear energy program dating back to the 1970s. Its Bushehr nuclear power plant still operates in the country’s southeast, near the Persian Gulf.

Is hydroelectric power a renewable alternative in Iran?

Hydroelectric power emerged as a renewable alternative in Iran in the 1950s. Iran, unlike most Middle Eastern states, is home to a vast network of rivers that allowed the country to rapidly scale its hydroelectric infrastructure until the early 2000s. Recent widespread droughts, however, have, greatly reduced Iran’s hydroelectric capacity.

How much money does Iran spend on thermal power plant infrastructure?

Additionally, Iran spends $30 billion annually to fuel its thermal power plant infrastructure. It loses a meaningful percentage of this $30 billion each year because of antiquated and inefficient transmission and distribution infrastructure.

Is Iran developing a geothermal power plant?

Iran has also begun development on the Middle East’s first geothermal power plant. This “pilot” station in the northwest Iranian province of Ardabil is expected to have an installed capacity of 50 MW.