BAKU, Azerbaijan, September 22. Iran's Economic Council (comprising the heads of the government, parliament, and judiciary) has decided to build solar and wind power plants in the country with investments of $3.95 billion from the National Development Fund, Trend reports.
The projects will have a combined production capacity of 8,000 megawatts, with electricity generated to be sold or exported by the National Development Fund and its private sector partner. The fund is expected to earn a minimum annual return of 8 percent from this investment.
Iran currently has a renewable energy electricity production potential of 1,800 megawatts. Within 4 months (from March 21 through July 22, 2025), solar power plants alone produced 610 million kilowatt-hours of electricity.
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