Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
Economy
 Print  Send This Page
Save Listen to this Article
Iran 'needs $ 187bn for 100pc renewable energy system'   

TradeArabia - 20 March, 2017

Iran has the capability to set up a 100 per cent renewable energy system for the country by 2030 by investing around $ 187 billion, according to a study released by a Finnish university.

According to the Lappeenranta University of Technology, the country would need to develop about 49 gigawatts (GW) of solar power, 77 GW of wind energy and 21 GW of hydropower to achieve a zero-emissions grid, said an Iran Daily News report.

Iran is heavily dependent on natural gas and oil to generate power and is one of the most energy-intensive countries in the world since state subsidies for fossil fuels encourage inefficient energy use.

Per capita energy consumption in Iran is 10 times greater than in Europe, according to the study.

The university published the research at the 11th International Energy Conference in Tehran, it said.

Water shortage and air pollution, however, is becoming an acute problem for the country of more than 80 million people, forcing officials to embrace the idea of expanding renewable energy capacity.

Existing wind and solar capacity is tiny. According to Renewable Energy Organization of Iran (SUNA), the renewable energy organisation of Iran, there are only 15 wind farms in the country.

Iran is seeking 5,000 MW of renewable energy by 2020, with more than 4,000 MW expected to come from wind power. The country has approximately 141 MW of installed wind power.

The Finnish researchers found that wind and solar power is the most economical clean energy option — 50 to 60 per cent less costly than new nuclear capacity or fossil fuel-based power with carbon capture.

A green grid could also make water desalinisation cost-effective in the face of water scarcity which is becoming a serious problem and affecting almost all Iranian provinces, added the report.
 
Saudi sees 7,000 jobs coming from solar projects by 2020
Source : Gulf Times  
Date : 2017-04-28
Saudi Arabia is hoping its solar-power programme will generate 7,000 jobs and build a local manufacturing industry that can export products to the world, reducing domestic demand for its crude...
Orpic marks groundbreaking of LPIC's $688m Fahud unit
Source : Oman Daily Observer  
Date : 2017-04-28
Oman Oil Refineries and Petroleum Industries Company (Orpic) yesterday celebrated the groundbreaking of its Natural Gas Liquids extraction plant in Fahud in the Wilayat of Ibri - a unit that...
DP World reports 5.7% gross volume growth
Source : Gulf Today  
Date : 2017-04-28
DP World has handled 16.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2017, with gross container volumes growing by 5.7...
HBS selects Emaar for case study
Source : Gulf Today  
Date : 2017-04-28
Mohamed Alabbar, Founder and Chairman of Emaar Properties, shared the success story of Emaar with over 80 students at the prestigious Harvard Business School (HBS) in Boston....
Energy prices rebalancing after OPEC deal
Source : Arab News  
Date : 2017-04-28
Global energy markets are heading to a rebalancing in the next few years after oil prices fell to historic lows due to oversupply, Qatar's Energy and Industry Minister Mohammed Saleh...
Development of Chabahar Port to boost national security
Source : Islamic Republic News Agency  
Date : 2017-04-28
By using Chabahar Port the Islamic Republic of Iran is going to end its dependence on the Strait of Hormuz in the Persian Gulf to transfer cargos and commodities," Alaeddin...
Bahrain imports hit $2.99bn; exports 1.57bn
Source : TradeArabia  
Date : 2017-04-28
The value of imports by Bahrain reached BD1.124 billion ($2.981 billion) during the first quarter of this year, while the value of national origin exports hit BD594 million ($1.575 billion),...
Saudi Aramco CEO sees improvement in oil market
Source : Arab News  
Date : 2017-04-28
The oil market is expected to continue improving, said Saudi Aramco President and CEO Amin H. Nasser....
GCC value-added tax framework provides roadmap for Qatar
Source : Gulf Today  
Date : 2017-04-27
Following the release of the unified agreement for value-added tax (VAT) for the Gulf Cooperation Council (GCC) countries by Saudi Arabia, Philippe Norré, head (Indirect Taxes) at KPMG in Qatar,...
Forum underlines Iran,Turkey provincial cooperation
Source : Islamic Republic News Agency  
Date : 2017-04-27
The 2-day forum held in the city of Van, Turkey, with the collaboration of Turkey Anatoly East Development Agency, Asian Strategic Study Institute, Iran's Foreign Ministry International and Political Studies...
Petromin plans 240 gas stations in Saudi by 2020
Source : TradeArabia  
Date : 2017-04-27
Petromin, a leading lubricants and automotive services company in Saudi Arabia, plans to build 240 gas stations across the Kingdom by 2020, a top official said....
Tadawul index stays almost flat
Source : Arab News  
Date : 2017-04-27
Two Saudi banks soared on Wednesday after saying they were in the initial stages of a merger, helping lift the mood in other lenders....
Albrecht aims to pilot Saudia back to its 'glory days'
Source : Arab News  
Date : 2017-04-27
Jaan Albrecht chose the occasion of the Arabian Travel Market (ATM) for his first public outing as chief executive of Saudi Arabian Airlines (Saudia), and - even in an arena...
Saudis opt for personalized travel services through apps
Source : Arab News  
Date : 2017-04-27
The volume of international bond issues from the Gulf may hit a record high for a second straight year in 2017 as lower oil prices crimp the capacity of banks...
In-bound travel growth to drive hotel demand in Dubai
Source : Khaleej Times  
Date : 2017-04-27
New technologyin technology, aviation and an expanding middle class in key source markets will all serve to positively impact the UAE's hospitality industry in the coming years, experts at the...
Dubal profit jumps 10% to Dh1.04B
Source : Khaleej Times  
Date : 2017-04-27
Dubal Holding, the investment arm for the government of Dubai in power, commodities, mining and industrial sectors, held its third annual general meeting at the Dubai Ruler's Court....
Abu Dhabi Ports launches Khalifa Port Free Trade Zone for EU
Source : Gulf Today  
Date : 2017-04-27
Abu Dhabi Ports, the master developer, operator and manager of the Emirate's commercial and community ports as well as Khalifa Industrial Zone, KIZAD, has announced the launch of the Khalifa...
Emirates NBD official banking partner for Expo 2020
Source : Gulf Today  
Date : 2017-04-27
Emirates NBD, a leading banking group in the region, has signed a Premier Partnership agreement with Expo 2020 Dubai to become its Official Banking Partner....
Dubai among top maritime clusters
Source : Gulf Today  
Date : 2017-04-27
A recent international survey conducted by Menon Business Economics Group, the globally renowned organisation for benchmarking leading maritime capitals of the world, predicts that Dubai is poised as the first...
Mawarid Exchange signs pact with Land Bank
Source : Gulf Today  
Date : 2017-04-27
Mawarid Exchange, a leading exchange company has signed Remittance Agreement with the Land Bank of the Philippines, one of the top government financial institutions in Philippines....
Total 622 Results in 32 Pages
1 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.net
Fri Apr 28, 2017| 01-شعبان-1438هـ
Syria expands anti-Daesh operations
Riyadh celebrates first Saudi Women's Day
UAE summons Iran's diplomat
Trump turns up the heat on Iran, but no clear game plan yet
Qatar tops world in BMI index for investment attractiveness
Qaeda kills Yemen police, targeted in US raid
Iran targets $8.6bn of refinery deals with Asia firms
UN chief: Syria dialogue must focus on transition for success
US President Trump strongly supports Iraq - envoy
DGCX traded 1.37m contracts valued at $33b in January
Iran rejects 'baseless' warning from US on missile test
GCC consumers spend $9.3 billion on beauty, personal care products
HM King hails parliament's role
Saudi sentenced 7 years in prison for entering Syria, joining Al-Nusra
AD CP, Emir of Qatar discuss ties
  Op-Ed
More>>  
    Reports
NBK Report on oil markets
GCC Banking Sector Quarterly - 2Q16
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    GRC Analysis
UAE'S NON-OIL TRADE HITS DHS1.2 TRILLION
The Benefits of NATO-GCC Strategic Ties
The GCC and the EU's New Global Strategy
    GRC Commentary
Climate COP 22 in Marrakech Important for the Region
Earth Day 2016: The Promised Day
An Evolving Saudi-US Relationship
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
The GCC and the Global Oil Market in 2016
GCC and Regional Issues
GCC Economies: Vision Plans and Outlook
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Go
GRC Publication
      
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:1  |   12-- 13 Middle Page :0  --   | Right : 12 - 12--en--sess-enreq-en-coming