It does this, rather than consuming the solar power directly, because of generous, long-term feed-in tariffs offered by the government. These mean that the €1.2 million system is providing the Shahrekord Cement Company with revenue of €340,000 a year.
Iran recently amended its laws and prolonged the guaranteed term for power purchase agreements from five years to 20 years. Moreover, feed-in tariffs have been increased, e.g. photovoltaic plants with a capacity of more than 10 MW are eligible for a feed-in tariff of IRR 5,600.00 (about $0.15 — open market rate) per kilowatt hour.
Iran will authorize 1 GW of solar and wind contracts in March and plans to put 5 GW online over the next decade.
The Renewable Energy Organization of Iran (SUNA) within the Ministry of Energy announced recently that a simple feed-in tariff … Read more