This Flash Note examines the agreement made on the nuclear deal by Iran and the P5+1 and its potential impact on the development of the Iranian wind power market. MAKE Consulting’s analysis presents a bull, base, and bear case to illustrate the impact that plausible alternative assumptions could have on the Iranian wind power market. The base-case projects could produce 2.3 GW of cumulative wind-power installations from 2015 to 2024, while the bull or optimistic possibilities envision 3.77 GW, and bear or least-encouraging possibilities see only 0.93 GW.
International sanctions towards Iran are now to be lifted, conditional on compliance with agreed nuclear milestones
With ambitious policy targets and a small domestic wind power industry; growth is expected for wind power in Iran
Despite implementation of new attractive tariffs for wind power, the permitting process and cost of project finance are likely to continue to impede wind power growth near term
Filed Under: Construction, News, Policy