A new agreement to finally connect Iraq to the Gulf Cooperation Council Interconnection Authority marks a significant step toward greater energy integration in the region.
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All tagged electricity
A new agreement to finally connect Iraq to the Gulf Cooperation Council Interconnection Authority marks a significant step toward greater energy integration in the region.
Central Asia faces rising demand for energy, spurred by population growth and climate change, but most of the region’s power generation and transmission infrastructure dates to the Soviet era.
◢ Renewable energy has been one of the brightest sectors in the Iranian economy, achieving 70 percent growth in the last Iranian year according to official data. But this encouraging growth is now in doubt. The Trump administration’s unilateral withdrawal from the JCPOA nuclear deal has brought economic uncertainty for local investors and made foreign direct investment increasingly difficult. While there are steps the government can take to reassure local and foreign investors, as with other sectors of Iran’s economy, the withdrawal of European investors from Iran’s solar industry may mean that “Chinese money turns out to be the only option.”
◢ The global energy industry continues to find greater value in efficiency and clean technology, with a rapidly growing reliance on renewable energy. But Iran lags behind.
◢ Now that Iran prepares to once again open doors to the international business community, the time is right for renewables to have a greater role in the country’s energy mix.