Iran’s energy minister says the country seeks to increase electricity generation capacity from renewable sources of energy to 50 gigawatts (GW) in the next five years.

Abbas Aliabadai said on Monday that the government will provide loans and incentives to households and private sector investors who contribute to the expansion of the renewable sector in Iran.

“We plan to bring the production capacity from the renewable energy (sources) to 50 GW in the next five years,” said the minister while speaking at a conference on energy efficiency in Tehran, PressTV reported.