Iran absorbs $2.5bn in renewable energy sector in 5 years
Tehran (KNA) - 2.5 billion dollars’ worth of investment has been absorbed for implementation of renewable energy projects since August 2013.
In the last five years, $2.5 billion has been invested in the country’s renewable energy sector.
According to reports by the Ministry of Energy, 70 per cent of the resources which amount to $1.75 billion have been funded by foreign investment and the remaining 30 per cent amounting to $750 million from domestic investment.
By 2013, 165MW renewable power stations were established in Iran, with 131MW by public funds and 34MW by the private sector.