“Iran’s potential for PV (Photovoltaics) is extremely high, having an excellent solar irradiation and high electricity demand,” the government commissioned report called "Enabling PV Iran" said, laying out the guidelines for entry into the Iranian PV market for German companies.
Photovoltaics is the name of a method of converting solar energy into direct current electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon commonly studied in physics, photochemistry and electrochemistry.
The study, however, said, “As Iran is still an infant renewable energy market, there are big challenges to PV investments that need to be overcome.”
It referred to the country’s inflation rate and financial resources as the major obstacles on the way of PV development in Iran.
“Thanks to the great efforts of the Renewable Energy Organization of Iran (SUNA), for large scale PV power plant above 100 kWp, there is a fairly well standardized process defined which gives confidence to investors,” noted the study.