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Iran Renewables Report Q4 2017

Iran Renewables Report Q4 2017

BMI View:

Despite small scale projects getting off the ground in the wake of multilateral sanctions beingeased in Q116, improving investor sentiment towards Iran's renewables sector is yet to translate into largescalewind and solar projects being realised, amid sizeable risks to market entry. Although, construction ofa 100MW solar project had begun in July 2017. Key risks include the threat of bilateral tensions with a newRepublican government - led by an erratic new president - in the US and escalating tensions with SaudiArabia, the latter translating into proxy conflict in Yemen and a regional diplomatic crisis over Qatar.

However, a successful re-election of reformist President Hassan Rouhani in May 2017 removes one riskfactor and should ensure a continued upscaling of engagement by (mainly European) firms in Iran'srenewables sector, over the medium-term.

Latest Updates And Structural Trends

Our core view remains that - although endemic corruption, years of underinvestment and lingeringcaution among international banks will initially limit foreign direct investment over the next two or threeyears - the gradual lifting of EU and UN economic sanctions will unlock opportunities for foreigninvestment in the renewables sector over the next decade, albeit at a slower rate than envisaged by thegovernment.

BMI Industry View
Table: Renewables Headline Forecasts (Iran 2016-2022)
Industry Forecast
Iran Renewables Forecast Scenario
Table: Total Electricity Generation Data And Forecasts (Iran 2015-2020)
Table: Total Electricity Generation Data And Forecasts (Iran 2021-2026)
Table: Electricity Generating Capacity Data And Forecasts (Iran 2015-2020)
Table: Electricity Generating Capacity Data And Forecasts (Iran 2021-2026)
Renewables Key Projects Database
Iran Renewables Projects Database
Table: Iran - Top 10 Renewables Projects By Capacity
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology

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