Satba has devised new regulations that help domestic and foreign investors apply for renewable projects and sell their products to foreign customers The Energy Ministry will play a facilitative role and not intervene in the process of attracting buyers and determining prices.
The Energy Ministry has called on the Renewable Energy and Energy Efficiency Organization—a state-owned entity also known as Satba—to prepare the ground for private sector investment in and export of renewables.
According to the directive, Satba is obligated to devise the regulations and establish the infrastructure for investors to generate and sell electricity to foreign buyers.
Peyman Taqipour, a director at Satba, told Financial Tribune that Satba has made available the tools through which all domestic and foreign investors are welcome to start new ventures.
"Accordingly, legal or natural entities keen on producing renewable energy in the country will be granted land and network access," he said.