Iran's renewable energy sector is set to boom in the coming years, particularly driven by large investments from European companies in the era post the 2015 Nuclear Accord, global consultancy BMI said.

The growth is due to the government’s plans to establish renewables as a viable alternative to thermal generated power and build clean energy capacity, research suggested.

“The gradual attenuation of project risk in the wake of sanctions easing in 2015 will lay the foundation for international investors to continue to deepen their investment presence in Iran's renewables sector,” BMI said in a note.