Iran to Stimulate Investment in Renewable Energy – Economy news

The Supreme Council for Economic Coordination, comprising the heads of Iran’s three government branches, reaffirmed commitment to fostering private sector investment in renewable energy projects.

In a meeting of the council on Saturday, Iranian President Masoud Pezeshkian, Speaker of the Parliament Mohammad Baqer Qalibaf, and Judiciary Chief Gholamhossein Mohseni Ejei discussed the key challenges faced by the private sector in the procurement, production, and installation of solar panels.

In order to support the growth of renewable energy, the council approved the allocation of targeted loans to facilitate private sector activities in this sector, the president’s website reported.

The council also granted special authorities to ministers and provincial governors to streamline decision-making processes in specific and emergency situations aimed at accelerating project implementation and improving administrative efficiency.