This objective is supported by memoranda of understanding (MoUs) signed in January 2022
Iran is on track to boost its renewable energy capacity by 500 MW by March 2025, as reported by Tehran Times, a partner of TV BRICS. This increase aligns with Iran’s strategic push to develop renewable energy sources and address electricity demand imbalances across the nation.
Currently, Iran's nominal renewable capacity stands at 1,371 MW, with a recent addition of 53 MW just last week, showing an active progression in renewable energy infrastructure.
In recent years, Iran has implemented major initiatives to accelerate renewable energy growth. Key measures include diversifying financing models for green projects, raising the ceiling on guaranteed electricity purchases, enabling renewable electricity trading, and facilitating renewable energy exports.
Looking ahead, Iran’s Energy Ministry has set a goal to increase the nation’s renewable energy capacity by 10,000 MW by the end of 2025. This objective is supported by memoranda of understanding (MoUs) signed in January 2022 between the ministry and private sector contractors, aimed at the construction of new renewable power plants.
The expansion of renewable energy in Iran reflects the country’s dedication to sustainable growth, energy independence, and a greener future. This proactive approach is positioning Iran as a leader in renewable energy development across the region.
Photo: iStock
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Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification" -
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
