How can Iran achieve its long-term sustainability goals?

Iran aims to produce 2,500 MW from renewable energy sources to meet its long-term sustainability goals. To solve these issues and achieve significant progress will require large financial commitments and careful planning as well as relief from onerous Western sanctions.

What percentage of Iran's electricity is renewable?

With an operating capacity of only 879 MW, Iran’s renewable energy sector now produces less than one percent of the nation’s total electricity. In 2023, Iran built less than 75 MW of renewable power, while Saudi Arabia and Turkey added 2,840 MW and 2,800 MW, respectively.

Is Iran Facing a major energy crisis?

Iran is grappling with a significant energy crisis, particularly in its electrical sector. The country faces a troubling 14,000–15,000 MW electricity deficit during peak summer demand, exacerbated by frequent power outages that disrupt both industrial and residential life.

Does Iran have a natural gas shortage?

Compounding the issue, Iran is experiencing a natural gas shortage despite possessing the world’s second-largest reserves and has had to resort to importing gas from Russia. Thermal power plants, which produce about 93.5 percent of the nation’s electricity, consume over 70 billion cubic meters of natural gas annually.

Why is Iran excluded from international financial markets?

Besides sanctions, Iran faces exclusion from international financial markets because of its noncompliance with Financial Action Task Force (FATF) laws on money laundering and terrorism financing and restricted access to cutting-edge technologies.