• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 8 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 14 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 52 mins Venezuela set to raise gasoline prices to international levels.
  • 37 mins Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 13 hours Saudi Fund Wants to Take Tesla Private?
  • 23 hours Starvation, horror in Venezuela
  • 14 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 1 day Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 6 hours Corporations Are Buying More Renewables Than Ever
  • 22 hours WTI @ 69.33 headed for $70s - $80s end of August
Bears Are Back In The Oil Market

Bears Are Back In The Oil Market

In the midst of an…

Oil Prices Jump As Saudis Cap Oil Supply

Oil Prices Jump As Saudis Cap Oil Supply

Oil prices rose on Tuesday…

Iran Opens 42 Kilowatt Solar Energy Plant in Mashhad

Despite being OPEC’s third largest oil exporter, Iran has been exploring alternative forms of energy for indigenous use. While its Bushehr nuclear reactor, the country’s first, is soon to come online and has attracted much international criticism due to widespread belief that it masks a covert nuclear weapons program Iran is also investigating other options, including solar.

Iran has announced the opening of a 42 kilowatt solar energy plant in Mashhad, Iranian TV reported.

Indicating the government’s belief in the future potential of renewable power generation, the government has contracted to buy electricity produced by solar installations at a price two times higher than the price of electricity generated by traditional fossil fuel power plants.

The Mashhad solar installation’s initial capacity is 42 kilowatts, which will rise to 110 kilowatts generating capacity once its second phase of its expansion is complete.

Iran’s Environment Protection Organization head Mohammad-Javad Mohammadi-Zadeh during an interview noted that solar power was a natural for Iran, as in places like Khorasan, the region enjoys 300 sunny days each year and “even if it is cloudy, you can still use the natural light.”

The Mashhad solar installation’s cost approximately $300,000, and it is expected to be operational for the next five decades. The Mashhad facility is the first in the country that is equipped with solar tracking, with the solar power generation panels changing their direction in response to the sun’s movement.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News