The Renewable Energy Future Iran, a conference connecting 150+ international and local stakeholders to discuss wind and solar opportunities is taking place on October 19th in Tehran. The conference is organized by Solarplaza, the leading international Solar PV network.

It’s been predicted that renewables will be the world’s second largest energy source in the upcoming years. Iran ranks second in gas reserves and has the fourth largest oil reserves in the world, but the country has shown that it is bound and determined to utilize renewable energies. Now with the lifting of the sanctions, the country is welcoming foreign financiers and the leading players of the RE sector. The Renewable Energy Future Iran is a step forward to approach the local and international delegates in order to explore new projects and opportunities in Iran.

Some of the topics which will be discussed during the Renewable Energy Future Iran include: building Iran’s local RE market; key bankability challenges and solutions; technical and contractual risk and mitigation; closing of funding for projects and innovative financing models.

The conference will also include networking sessions attended by local and international investors and project developers, as well as a host of consultants, lawyers and local experts in the Iranian RE sector.

Official statistics show that Iran’s power generation capacity has reached to over 75 thousand MW while only 200 MW of this number is generated from renewable energy (solar and wind power). Today, European countries are fostering their natural resources and various startups have brought innovative solutions to further develop this industry. Energy focused startup accelerators are popping up in the developed countries and have helped with the booming of the startups in this sector.

Due to inefficiency and long development process, only a minority of startups in Iran are active in the renewable energy sector. But now with the foreign investments pouring into the country and partnerships that aim to transfer technology to Iran, local entrepreneurs could actually seize this opportunity and fill the gap in this market. Innovative software companies have already tapped this market without the need to utilize the hardware themselves, and this is something that Iranian entrepreneurs could look up to.

In the recent years, the Iranian government also took positive steps to slow down the climate change. After the lifting of the sanctions, Iran got in talks with pioneering countries in this sector such as Germany and Austria to further develop its infrastructure to generate clean energy. The government has also set mandates for its ministries and non-governmental public institutes to provide at least 20% of their building’s electricity from renewables by the next 2 years.

Conferences of such could help drive economic developments and bring a spotlight to the RE sector in Iran. To find out more information about the Renewable Energy Future Iran event visit this link.

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