Renewable Energy Law
Due to fluctuations in the non-renewable energy price, imminent exhaustion of their resources and the irreparable damages of using fossil fuels, such as the rise of global temperature, climate change, environmental pollution and the countless benefits accompanying renewable energy, such as abundant job opportunities (in case there is more attention paid to this sector), stimulating the exploitation of renewable energy and the fact that the renewable energy is unlimited and shall not be exhausted, the attention being paid to this type of energy is growing. The source of this attention is not limited to governments. In fact, there are numerous domestic and foreign investors who pursue investment in different renewable resources.
Iran is among the countries with most energy resources in the world. In addition to vast resources of non-renewable energy and fossil fuels such as oil and gas, Iran has a great potential in the field of renewable resources such as wind energy, solar energy, biomass energy and geothermal energy. According to international studies and surveys, Iran is also among the countries with specific objectives and policies about renewable energy. In fact, the strategic plan of Islamic Republic of Iran in respect of the energy sector, is optimized exploitation of fossil fuels and enhancing the exploitation of renewable energy in order to satisfy the growing need to energy in the country. The government is therefore , obliged to make fresh investments to increase the power generating capacity, yet akin to many other developing countries, government money is tight and private investors have to come to the government’s rescue.
At present, gas is the main source of energy production, followed by oil. In the interest of diversification, the government has prioritized investment in cleaner means of energy generation, such as renewable energy, and offers incentives to potential investors in that area. Private investors can use two main contractual frameworks, namely Build Operate Transfer (BOT) and Build Operate Own (BOO). Accordingly, there are some facilities provided which encourage investment in this sector.
In this regard and having considered the importance of enjoying specialized legal consultation in this field, Bayan Emrooz Law Firm renders considerable legal services to investors in the energy sector. Such services include legal consultation in order to enter into this industry in Iran, registration of companies in Iran or drafting partnership agreements with Iranian companies, explanation of relevant laws and regulations, acquiring investment licenses such as the license of Investment and Technical and Economic Assistance Organization of Iran, the licenses regarding grid connection, environmental licenses, as well as purchase or lease of private or governmental lands in order to establish the power plants, acquiring operation certificate from Renewable Energy Organization of Iran (SUNA), conclusion of Power Purchase Agreements and supplying the relevant goods and services.
It is evident that establishing a power plant requires proceeding with different legal stages and acquiring the essential licenses. Accordingly, it is of the utmost importance to enjoy legal consultation of the specialized legal experts in this field. In this regard, Bayan Emrooz Law Firm is ready to provide the investors with the required services in this sector.
