According to the Renewable Energy and Energy Efficiency Organization of Iran (also known as SATBA), Iran's installed renewable power capacity reached 760 MW in July 2019. Most of this renewable capacity consists of solar PV (330 MW) and wind (300 MW). Currently, there are 115 renewable power plants operational in the country and another 32 facilities under construction, which will add 380 MW. According to the Energy Ministry of Iran, renewables have attracted more than IRR124,000bn (US$2.9bn) of investment in recent years and now cover nearly 1% of the power mix, allowing Iran to reduce its gas consumption by 1 bcm/year so far.
Iran aims to reach around 5 GW of renewable power capacity over the next five years to meet the country's rising power demand and to expand its presence in the regional electricity market. The renewable power capacity is expected to exceed 1 GW by the end of the Iranian year (late March 2020).
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