BAKU, Azerbaijan, September 8. A total of 100 solar power plants (SPP) with a combined generation capacity of 4 megawatts will be commissioned in cooperation with Iran’s Bank Maskan by the end of the current Iranian year (March 20, 2026), Mahmoud Hafezian, deputy director of Maskan Bank, told reporters, Trend reports.
The official stated that 15 solar power plants with a capacity of 474 kilowatt-hours have already been launched through the bank’s support.
He noted that inspections have been carried out at 91 sites for solar plant installation, with plans to examine an additional 32 locations.
“Recently, Iran’s Maskan Bank has allocated loans worth 2 billion rials (about $3,480) for the installation of rooftop solar panels. This is a positive step towards ensuring a sustainable supply of electricity for households,” Hafezian said.
To note, Iran’s renewable energy capacity stands at 1,868 megawatts. The country generated 610 million kilowatt-hours of electricity from renewable sources in the first four months of the current Iranian year (from March 21 through July 22, 2025), marking a 71 percent increase compared to the same period last year.
---
Follow the author on X: @BaghishovElnur
