Iran’s Ministry of Energy’s Renewable Energy Authority (SATBA) announced on Wednesday that it has signed a memorandum of understanding (MoU) with the country’s Office of the President for Science and Technology to support local production of solar inverters, Press TV reported.
SATBA Director Mohsen Tartutalab said that under the memorandum, the Ministry of Energy had agreed to guarantee the purchase of a homemade solar inverter that converts electricity generated by solar panels into alternating current (AC) and feeds it into the national power grid.
The agreement is part of Iran’s efforts to accelerate the installation of solar power plants in the country.
Iran’s renewable energy capacity reached 2.72 gigawatts (GW) in late October, up from just 1.225 million gigawatts (GW) in August 2024, when the current administration took office, Taruttalab said in a briefing with reporters on Wednesday.
He said that capacity will reach 4GW in late December and 7GW by the end of this calendar year in late March, mainly due to the expansion of solar power.
Some 571 solar power plants are being built across Iran, the official said, adding that the government aims to increase renewable energy generation capacity to 11 gigawatts by July 2026, when electricity demand peaks next summer.
Taruttalab said the output capacity of Iran’s wind farms has also increased to 0.371GW, adding that SATBA is building 117.5GW of new wind farms across Iran.
Iran has set an ambitious target of 30GW of renewable energy capacity by 2028.
This comes amid efforts to reduce the country’s dependence on thermal power plants that consume large amounts of natural gas and other fossil fuels.
MNA/