SATBA Receives $1 Billion From the National Development Fund for Solar Power Plants

Mohsen Tarztalab, deputy energy minister and head of Iran's Renewable Energy and Energy Efficiency Organization (SATBA), told Mehr News Agency on Thursday, September 24, 2026 that close to $1 billion from the National Development Fund's foreign-currency resources has been definitively received from the central bank. Of a planned $2.3 billion in total funding, $1.84 billion is the fund's share, and allocation orders have been issued for about $1.5 billion of it, he said.

Tarztalab added that close to 1,700 megawatts of the 7,000-megawatt solar power program have come online so far, with the full program expected to be completed by next summer. Permits have also been issued for 100 megawatts of wind power and 500 megawatts of battery storage. He said a guaranteed-purchase directive for domestically made solar panels will be announced next week.

The remarks came at the opening of a factory producing industrial solar inverters. Mashallah Tabe-Jamaat, another deputy energy minister, said at the same event that renewable capacity additions have accelerated from about 100 megawatts a year to about 100 megawatts a week, and that Iran's power generation capacity has grown about 8 percent over the past year.