TEHRAN (Dispatches) - Danish companies have voiced their willingness to invest $1 billion in developing renewable energy projects in Iran, a senior energy official said.
"Denmark's giant energy companies, including Siemens and Vestas, will contribute to implementing wind energy projects in Iran," president of the Iran Renewable and Wind Energy Association (IRWEA) Hashem Orayee told reporters.
The official reiterated that the Iranian parliament has also approved the Danish investment plan, but it is yet to be implemented.
Orayee pointed to the development of renewable energy over past decade, and said, "By increasing the share of renewables, Denmark currently meets 43 percent of its electricity demands from renewable sources."
He said that the U.S., China and many European countries plan to cut dependence on fossil fuels, and said, "By 2025, all of the electricity will be met from renewable energy sources."
Orayee reiterated that most countries prefer to establish fewer thermal power plants, and said, "Wind and solar energy are replacing the oil and gas in generating power."
"Iran can generate 50 percent of its electricity from wind and solar energy by enabling its capacities," he added.
The official said that the Iranian government plans to cede renewable energy projects to the private sector and will support Iranian companies in this respect.